engleski

Role of Technology in Economic Development

Through the historical analysis of technology development in leading countries from the First Industrial Revolution, we have established that the historical events have relevance for development today. By using panel data (sample of CEE countries) we have established that patents and R&D have influence on selected economies even though they are not on the technology frontier. However, we did not accept the hypothesis of FDI being the major vehicle for technology transfer to CEE countries after 1990.

economic development; technology; research & development; education; patents; foreign direct investment

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