Technical Change and Economic Growth Inside the Knowledge Based Economy

Technological change is not only a determinant of growth but is also a pivotal factor in international competition and the modernization of an economy. In one of the most in-depth and detailed studies of its kind, George Korres analyzes the macroeconomic and the microeconomic factors influencing the economics of innovation and the economic relations between technology, innovation, knowledge and productivity. In particular, this book examines both the theoretical framework and the applications for empirical results. This second edition contributes updated figures and estimations for technical change from EU member states and features new subjects, including growth models, productivity models, production function models and non-parametric models. In one of the most in-depth and detailed studies of its kind, this book captures all the existing contemporary techniques in the theoretical fields as well as the empirical applications of the models.

Contents: Preface; Knowledge economy and innovation activities: an approach to definitions and measurement; Modelling knowledge economy and innovation activities with the context of new growth theory; Knowledge economy, technical change and productivity growth; Foreign direct investments (FDIs), national system of innovations and the diffusion of knowledge; European innovation policy and regional cohesion; Appendix; Bibliography; Index.

George M. Korres is Associate Professor, Department of Geography at the University of the Aegean, Greece and Visiting Scholar, Institute of Communication Studies at the University of Leeds, UK.