Absorptive Capacity and Industrial Growth: A Conceptual Framework and Korea’s Experience

Linsu Kim

Chapter 13 in Social Capability and Long-Term Economic Growth, 1995, pp 266-287 from Palgrave Macmillan

Abstract: Abstract Korea’s rapid industrialization may be attributed to many economic, social and technical factors. The most important of all may be absorptive capability, which is a combined outcome of various economic, social and technical inputs. Absorptive capability enables one to assimilate, use, adapt and change existing technologies. It also enables one to create new technologies and to develop new products and processes in response to a changing economic environment. Absorptive capability also includes capacity to acquire, adapt and internalize managerial know-how. This latter element of absorptive capability, however, is not explicitly covered in this chapter.

Keywords: Direct Foreign Investment; Technology Transfer; Absorptive Capacity; Task Difficulty; Capital Good (search for similar items in EconPapers)
Date: 1995
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DOI: 10.1007/978-1-349-13512-7_13

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