Managing economic growth: the technology element model

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Chapter 5 in Growth Policies for the High-Tech Economy, 2024, pp 84-104 from Edward Elgar Publishing

Abstract: This chapter provides a holistic public-private investment policy model that addresses not only (1) the creation of new technologies and subsequent innovative products, but also (2) the production and (3) market penetration sequences, all supported by (4) a broad and technically complex infrastructure. The policy imperative is to apply such a complete model so that all policy element targets are managed in content and in proper sequence as well as in shorter periods of time and at higher quality levels than competing economies. That is, growth policy must target the multiple assets and their interactive use within an economic system that both develops and applies new economic assets in the right time frames. As demonstrated in the next two chapters, the four elements are functionally interconnected with “feedback” loops that increase overall efficiency.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
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