Openness, technological spillovers in the r&d sector and economic growth
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | Openness, technological spillovers in the r&d sector and economic growth | |
| Creator | Chen, Pei-Pei Gupta, Rangan | |
| Description | Recent studies have pointed out that trade liberalisation leads to technological spillovers, which tend to improve the efficiency of the domestic research and development (RD) sector, and ultimately boost economic growth. In this paper, we theoretically formalise the above mentioned relationship between trade openness and growth, via knowledge spillover in the RD sector. We show that, under certain conditions, an increase in the degree of openness not only enhances growth, but also improves the standard of living. The study, thus, prescribes policies of developing and improving the domestic RD sector in order to reap the benefits of trade liberalisation. | |
| Publisher | AOSIS Publishing | |
| Date | 2011-05-04 | |
| Identifier | 10.4102/sajems.v13i1.194 | |
| Source | South African Journal of Economic and Management Sciences; Vol 13, No 1 (2010); 1-7 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/194/52
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