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Dynamics of Entrepreneurship and Economic Growth

  • T. V. S. Ramamohan Rao
Part of the International Studies in Entrepreneurship book series (ISEN, volume 19)

13.1 The Background

Technological changes have been at the apex of economic growth for a long time. From about the 1980s the pace of knowledge development and associated technological transformation has been sensational. The major drivers of these changes have been the information technology, biotechnology and nanotechnology. To absorb these technologies into the mainstream of production, distribution and coping with the requisite changes in the economic and social organization have been the main themes of theoretical as well as practical investigations. Given the current state of assimilation of these technologies by various countries it may not be possible to visualize any steady state in the near future. Perforce the investigations must refer to transitional dynamics of the relationships between knowledge generation, its utilization in production and organization of exchange.

The major theme in economic analysis of recent vintage concerns the absorption of new knowledge. An...

Keywords

Foreign Direct Investment Large Firm Information Asymmetry Endogenous Growth Endogenous Growth Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

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Copyright information

© Springer Science + Business Media, LLC 2008

Authors and Affiliations

  • T. V. S. Ramamohan Rao
    • 1
  1. 1.Indian Institute of TechnologyKanpurIndia

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