Regional Technological Convergence: Patterns and Determinants

Tomasz Kijek, Arkadiusz Kijek and Anna Matras-Bolibok
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Tomasz Kijek: Maria Curie-Skłodowska University
Arkadiusz Kijek: Maria Curie-Skłodowska University
Anna Matras-Bolibok: Maria Curie-Skłodowska University

Chapter Chapter 3 in Innovation and Regional Technological Convergence, 2023, pp 25-46 from Springer

Abstract: Abstract The convergence process is generally regarded as the implication of neoclassical growth theory (Solow, 1956). The assumption of diminishing returns to reproducible capital leads to convergence across countries and regions. Units with relatively lower initial capital to labour ratios experience technology transfers and capital flows from those with higher ratios. As a consequence, the income level converges across countries and regions.

Date: 2023
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DOI: 10.1007/978-3-031-24531-2_3

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