Economic Growth and Technology Diffusion, Emphasizing the importance of developing country firm - knowledge for growth and income convergence
In this paper I build upon the theory of endogenous economic growth to explain the presence or absence of convergence between the industrialized and the developing world. This is done by emphasizing the role of the business firm as an avenue to technological “catch up”. I suggest that the importance of knowledge incorporated within the private business firm and it’s effect on the process of techno