Technological innovation and economic performance

Bela Gold

Omega, 1987, vol. 15, issue 5, 361-370

Abstract: Technological advances have come to be recognized as probably the most important sources of economic progress, including the productivity and competitive strength of industries, growth in national income and gains both in standards of living and in military security. It has become increasingly urgent, therefore, to advance our still rudimentary understanding of the processes of interaction between such innovations and economic adjustments. This requires replacing continuing vague concepts of the sources and nature of technological advances, superficial notions of how they alter actual production operations, and dubious generalizations about resulting economic effects.

Date: 1987
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