The Theory of Technological Change and Economic Growth

In this wide ranging exposition of the various economic theories oftechnological change Stanislaw Gomulka relates them to rates of growthexperienced by differen... » 

In this wide ranging exposition of the various economic theories oftechnological change Stanislaw Gomulka relates them to rates of growthexperienced by different economies in both the short and the long term.Analysis of countries as diverse as Japan the Soviet Union and the UnitedKingdom demonstrates that there is an interdependence between technologicalchange and the institutional and cultural characteristics of differentcountries which can have a profound effect on their rates of growth. All ofthe major relevant models are discussed including those of Kuznets andPhelps but throughout the emphasis is on the creation of a unified theoreticalframework to help explain the impact of technological progress on both a microand a macro scale. «