High-tech and High Capability in a Growth Model


Tong, Jian (2005) High-tech and High Capability in a Growth Model. International Economic Review, 46, (1), 215-243. (doi:10.1111/j.0020-6598.2005.00316.x).

Download

Full text not available from this repository.

Description/Abstract

A growth model is developed to substantiate the conventional wisdom that regards high-tech high-capability firms as an engine of sustained technological progress. High-tech industries are characterized by abounding technological opportunities, which promote endogenous high capability firms due to a competitive escalation mechanism. While high-tech high-capability firms capitalize on and discharge the existing innovation potentials, they also contribute to recharge (due to knowledge spillovers). They are a source of growth and high wage rate. An inquiry into the reasons why the high-tech/high-capability growth mechanism is not widely adoptable across countries points to the role of the underlying corporate governance systems.

Item Type: Article
ISSNs: 0020-6598 (print)
Related URLs:
Subjects: T Technology > T Technology (General)
H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Divisions: University Structure - Pre August 2011 > School of Social Sciences > Economics
ePrint ID: 33792
Date Deposited: 15 May 2006
Last Modified: 27 Mar 2014 18:21
URI: http://eprints.soton.ac.uk/id/eprint/33792

Actions (login required)

View Item View Item