Advertisement

The Contribution of Science and Technology to Economic Development

  • R. C. O. Matthews
Part of the International Economic Association Conference Volumes, Numbers 1–50 book series (IEA)

Abstract

The broad question, what is or has been or could be the contribution of science and technology to economic growth, may be asked for a number of reasons. First, we may want to know as a matter of intellectual curiosity, how important science and technology have been as a source of economic growth in the past, compared with other sources of growth. Secondly, for purposes of policy, we may want to know the likely effects on economic growth of an increase (or decrease) in the total amount of scientific and technological input. Thirdly, again for purposes of policy, we may want to know the best way of allocating a given amount of such inputs in the interests of economic growth.

Keywords

Economic Growth Physical Capital Science Policy Technical Knowledge Capital Formation 
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.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. [1]
    Arrow, K. J., ‘Economic welfare and the allocation of resources for invention’ and ‘Comment’, The Rate and Direction of Inventive Activity: Economic and Social Factors (Universities-National Bureau 1962).Google Scholar
  2. [2]
    Arrow, K. J. and Capron, W. M., ‘Dynamic shortages and price rises: the engineer-scientist case’, Quarterly Journal of Economics (May 1959).Google Scholar
  3. [3]
    Technological Innovation in Britain (Central Advisory Council for Science and Technology 1968).Google Scholar
  4. [4]
    Denison, E. F., The Sources of Economic Growth in the United States and the Alternatives before us (1962).Google Scholar
  5. [5]
    Denison, E. F., Why Growth Rates Differ (1967).Google Scholar
  6. [6]
    Downie, J., The Competitive Process (1958).Google Scholar
  7. [7]
    Industrial Research in Manufacturing Industry, 1959–1960. Federation of British Industries.Google Scholar
  8. [8]
    Freeman, C. and Young, A., The Research and Development Effort in Western Europe, North America and the Soviet Union (1965).Google Scholar
  9. [9]
    Freeman, C., ‘Science and economy at the national level’, Problems of Science Policy (O.E.C.D. 1968).Google Scholar
  10. [10]
    Gustafson, E., ‘Research and development, new products, and productivity change’, American Economic Review (May 1962).Google Scholar
  11. [11]
    Jewkes, J., Sawers, D. and Stillerman, R., The Sources of Invention (1958).Google Scholar
  12. [12]
    Mansfield, E., ‘Rates of return from industrial research and development’ (with comment by Z. Griliches), American Economic Review (May 1965).Google Scholar
  13. [13]
    Minasian, J. R., ‘The economics of research and development’, The Rate and Direction of Inventive Activity: Economic and Social Factors (Universities-National Bureau, 1962).Google Scholar
  14. [14]
    Nelson, R. R., ‘Uncertainty, learning and the economics of parallel research and development efforts’, Review of Economics and Statistics (November 1961).Google Scholar
  15. [15]
    Nelson, R. R. and Phelps, E. S., ‘Investment in humans, technological diffusion, and economic growth’, American Economic Review (May 1966).Google Scholar
  16. [16]
    Nelson, R. R., Peck, M. J. and Kalachek, E. D., Technology, Economic Growth and Public Policy (1967).Google Scholar
  17. [17]
    Science, Economic Growth, and Government Policy (O.E.C.D. 1964).Google Scholar
  18. [18]
    Resources of Technical and Scientific Personnel in the O.E.C.D. area. O.E.C.D.Google Scholar
  19. [19]
    Economic Growth 1960–1970 (O.E.C.D. 1966).Google Scholar
  20. [20]
    A Study of Resources devoted to R & D in O.E.C.D. Member Countries in 1963/1964. O.E.C.D. Vol. 1: The Overall Level and Structure of R & D Efforts in O.E.C.D. Member Countries (1967). Vol. 2: Statistical tables and notes (1968).Google Scholar
  21. [21]
    Peck, M. J., ‘Science and technology’. In Britain’s Economic Prospects, Caves, R. E., et al. (1968).Google Scholar
  22. [22]
    Phelps, E. S., ‘Models of technical progress and the golden rule of research’, Review of Economic Studies (1966).Google Scholar
  23. [23]
    Salter, W. E. G., Productivity and Technical Change (1960).Google Scholar
  24. [24]
    Schmookler, J., Invention and Economic Growth (1966).Google Scholar
  25. [25]
    Shell, K., ‘Towards a theory of inventive activity and capital accumulation’ (with comment by K. Sato), American Economic Review (May 1966).Google Scholar
  26. [26]
    Silberston, A., ‘The patent system’, Lloyds Bank Review (April 1967).Google Scholar
  27. [27]
    United Nations. Yearbooks of National Accounts Statistics.Google Scholar
  28. [28]
    Usher, D., ‘The welfare economics of invention’, Economica (August 1964).Google Scholar
  29. [29]
    Williams, B. R., ‘Research and economic growth — what should we expect?’ Minerva (Autumn 1964).Google Scholar
  30. [30]
    Williams, B. R., Technology, investment and growth (1967).Google Scholar

Copyright information

© International Economic Association 1973

Authors and Affiliations

  • R. C. O. Matthews
    • 1
  1. 1.Oxford UniversityUK

Personalised recommendations