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Innovation and Economic Development Theoretical Reprospect and Prospect

Richard Nelson

Chapter 3 in Technology Generation in Latin American Manufacturing Industries, 1987, pp 78-93 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to discuss some theoretical issues latent in the basic ideas behind the IDB-ECLA research programme in science and technology, and now being sharpened by the empirical findings that are emerging. The programme presumes that manufacturing development in countries that are not technological leaders may involve significant elements of creativity and innovation. The empirical studies are finding this to be so. The technologies employed in Latin American manufacturing plants tend to be somewhat idiosyncratic and not easily describable as merely backwards. Further, technologies employed differ significantly among firms within the same country. Innovation, idiosyncracy, and diversity, are not characteristics of manufacturing development highlighted by most formal development models, and indeed these characteristics are hard to reconcile with orthodox formal theory. Yet there they are, certainly interesting and probably important features of the development landscape.

Keywords: Production Function; Technology Transfer; Technical Change; Innovation Model; Search Model (search for similar items in EconPapers)
Date: 1987
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Working Paper: Innovation and economic development: theoretical retrospect and prospect (1979) Downloads
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DOI: 10.1007/978-1-349-07210-1_4

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