Record Details

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 (R&D) 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 R&D 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 R&D sector in order to reap the benefits of trade liberalisation.
 
Publisher AOSIS Publishing
 
Contributor
Date 2011-05-04
 
Type info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article
Format application/pdf
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 http://sajems.org/index.php/sajems/article/view/194/52