In this wide ranging exposition of the various economic theories of
technological change, Stanislaw Gomulka relates them to rates of
growth experienced by different economies in both the short and the
long term. Analysis of countries as diverse as Japan, the Soviet
Union and the United Kingdom demonstrates that there is an
interdependence between technological change and the institutional
and cultural characteristics of different countries, which can have
a profound effect on their rates of growth. All of the major,
relevant models are discussed, including those of Kuznets and
Phelps, but throughout the emphasis is on the creation of a unified
theoretical framework to help explain the impact of technological
progress on both a micro and a macro scale.
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