R&D, Learning by Doing and Economic Growth

Authors

  • Andrianasy A. Djistera Université de Toamasina

DOI:

https://doi.org/10.33423/jabe.v22i5.3047

Keywords:

Business, Economics, economic growth, human capital, imitation, innovation, research and development, technological change

Abstract

This paper examines the relation between technical progress and economic growth. We build a growth model where the technological change depends on investment in research and development. Growth is determined by the imitation in the first stage of development, then innovation takes place. Assimilation and adaptation of technology produced in more advanced country play a crucial role in technological catch-up, but this imitation requires a precondition, an investment in human capital. The later remains a crucial factor of growth after the catch-up. Government can favour the economic growth facilitating and stimulating the technological change.

Downloads

Published

2020-09-12

How to Cite

Djistera, A. A. (2020). R&D, Learning by Doing and Economic Growth. Journal of Applied Business and Economics, 22(5). https://doi.org/10.33423/jabe.v22i5.3047

Issue

Section

Articles