The Contribution of Science and Technology to Economic Development

R. C. O. Matthews
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R. C. O. Matthews: Oxford University

Chapter 1 in Science and Technology in Economic Growth, 1973, pp 1-38 from Palgrave Macmillan

Abstract: Abstract The broad question, what is or has been or could be the contribution of science and technology to economic growth, may be asked for a number of reasons. First, we may want to know as a matter of intellectual curiosity, how important science and technology have been as a source of economic growth in the past, compared with other sources of growth. Secondly, for purposes of policy, we may want to know the likely effects on economic growth of an increase (or decrease) in the total amount of scientific and technological input. Thirdly, again for purposes of policy, we may want to know the best way of allocating a given amount of such inputs in the interests of economic growth.

Keywords: Economic Growth; Physical Capital; Science Policy; Technical Knowledge; Capital Formation (search for similar items in EconPapers)
Date: 1973
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DOI: 10.1007/978-1-349-01731-7_1

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