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), pp. 215-243. (doi:10.1111/j.0020-6598.2005.00316.x).


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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
Digital Object Identifier (DOI): doi:10.1111/j.0020-6598.2005.00316.x
ISSNs: 0020-6598 (print)

ePrint ID: 33792
Date :
Date Event
Date Deposited: 15 May 2006
Last Modified: 16 Apr 2017 22:15
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/33792

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