Foreign Technology Imports and Economic Growth in Developing Countries

Released on by Heng-Fu Zou
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  • Foreign Technology Imports and Economic Growth in Developing Countries Book Detail

  • Author : Heng-Fu Zou
  • Release Date : 1999
  • Publisher :
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  • Pages :
  • ISBN 13 :
  • File Size : 68,68 MB
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Foreign Technology Imports and Economic Growth in Developing Countries by Heng-Fu Zou PDF Summary

Book Description: January 1995 A developing country's economic growth rate increases as foreign technology imports increase. In developing countries, increases in productivity depend not on innovation but on importing foreign plants and equipment and on borrowing foreign technology. Zhang and Zou investigate the relationship between foreign technology imports and economic growth in developing countries. They develop an intertemporal endogenous growth model that explicitly accepts foreign technology imports as a factor of production. The model establishes a link between the growth rate of productivity in a developing country and the country's intensity of learning to use foreign technologies. They hypothesize that a developing country's economic growth rate increases as foreign technology imports increase. They run regressions with data for about 50 developing countries, using different econometric methods and time spans. These empirical tests confirm the hypothesis that foreign technology transfers boost income growth rates. Moreover, economic developing in developing countries differs from that in industrial countries. In developing countries, increases in productivity depend not on innovation but on importing foreign plants and equipment and on borrowing foreign technology. This paper -- a product of the Public Economics Division, Policy Research Department -- is part of a larger effort in the department to understand economic growth and foreign trade. Heng-fu Zou may be contacted at [email protected].

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Technology and Developing Economies

Technology and Developing Economies

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This is the first empirical study to compare and contrast the effects of technology transfer to developing countries from the West and from Eastern European cou