Economics at your fingertips  

Economic Growth, Entrepreneurship, and the Deployment of Technology

J.B. Burnham ()
Additional contact information
J.B. Burnham: Duquesne University

Chapter 2 in Innovation Policies, Business Creation and Economic Development, 2009, pp 13-35 from Springer

Abstract: Abstract This paper analyzes the development of our understanding of the causal links between economic growth, the climate for innovation and entrepreneurship, and the deployment of technology, with specific reference to telecommunications. Particular attention is paid to the (mis)use of the Harrod–Domar model by The World Bank and other development agencies, and to the more recent appreciation for “the investment climate,” which finds substantial support in the work by Parente and Prescott. The importance of an institutional framework supportive of innovation (“experimentation”) and entrepreneurship is underscored by economic historians, such as Rosenberg and Birdzell, and North. The role of telecommunications technology in modern economies and its contribution to total factor productivity is reviewed, as are the obstacles to the technology’s effective deployment. Some ofthese obstacles are inherent in the technology itself, but many are the result of government legislative and regulatory decisions that constrain entrepreneurial initiatives, as recent experience in Turkey demonstrates. The paper concludes with a discussion of policy choices that governments face in influencing the climate for market-driven investment in telecommunications services and infrastructure.

Keywords: Economic Growth; Total Factor Productivity; Technical Change; Network Externality; Telecommunication Technology (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This item can be ordered from

DOI: 10.1007/978-0-387-79976-6_2

Access Statistics for this chapter

More chapters in International Studies in Entrepreneurship from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2023-11-28
Handle: RePEc:spr:inschp:978-0-387-79976-6_2