Learning advanced technology in easier ways from developed countries

Inyong Shin

Journal of Economics and Finance, 2020, vol. 44, issue 1, No 6, 120-139

Abstract: Abstract Even though developing countries demand to disclose advanced technology of developed countries, it is hardly possible that the developed countries disclose their technology for nothing as they worked very hard to get it through R&D investment. This research analyzes the effects of technology disclosure on the economic growth and the utility level in the developed countries and suggests the conditions which have positive effect of technology disclosure on the utility level in the developed countries. The conditions give hints what developing countries should do to elicit the information about the advanced technology. The conditions are as follows: (i) cheap price of imported goods, (ii) large size of export market, (iii) small size of labor market, (iv) low productivity of technology development, and (v) advanced technology is less likely to be public technology.

Keywords: Endogenous economic growth; Disclosure of technology; Monopolistic competition; Research and development; Product cycle (search for similar items in EconPapers)
JEL-codes: F43 O32 O41 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/s12197-019-09476-6

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