Technology, Growth, and Development: An Induced Innovation Perspective - Hardcover

Ruttan

Hardcover

ISBN 10: 0195118715 ISBN 13: 9780195118711

Publisher: Oxford University Press Inc, 2000

Synopsis

Technology, Growth and Development places the process of technical change firmly within the context of modern growth theory. It goes beyond conventional growth theory in its emphasis on both induced technical and institutional change. The rate and direction of technical change is viewed as induced by changes in relative resource endowments and by institutional innovations such as the modern research university and the industrial research laboratory. The economic and institutional sources of technical change are analysed for a series of general purpose technologies in five industries - the agricultural, electric power, chemical, computer, and biotechnology industries. A final section is devoted to issues of technology policy, including competitiveness, the environment, the U.S science and technology policy, and the transition to sustainable growth at the global level.

About this title

Review

"This big book is the product of a lifetime of serious and creative scholarship. I can think of no other scholar who has worked more systematically, and with greater dedication, to illuminate the multiple and sometimes elusive aspects of technological change than Vernon Ruttan."--Nathan Rosenberg, Department of Economics, Stanford University "Vernon Ruttan has written an encyclopedic volume on the role of technology in economic growth in both industrialized and poorer countries. The book contains a superb integration of the recent insights of new growth theory and detailed studies of the process of technological innovation at the microeconomic level. The extraordinary scope of the volume ranges from new insights on the extent to which the U.S. consumer price index is affected by technical change to a detailed examination of the development of the microprocessor. Intensive studies of developments in chemical industries, agricultural technology, and dozens of other industries provide the empirical underpinning for a masterful discussion of induced innovation. This book will be the starting point for all researchers interested in further studies in the area." --Howard Pack, The Wharton School, The University of Pennsylvania "Worthy of a Nobel Prize."-Rondo Cameron, William Rand Kenan University Professor Emeritus, Emory University "A necessary reading for all students interested in economic development."--Peter Chow, The City College of New York

Edition details

• Publisher: Oxford University Press Inc
• Publication date: 2000
• Language: English
• ISBN 10: 0195118715
• ISBN 13: 9780195118711
• Binding: Hardcover
• Number of pages: 672