| Title |
Opportunities to catch up advanced countries by investing in technologies / |
| Authors |
Banioniene, Justina ; Dagiliene, Lina |
| DOI |
10.14254/1800-5845/2017.13-1.8 |
| Full Text |
|
| Is Part of |
Montenegrin journal of economics.. Podgorica : ELIT. 2017, vol. 13, iss. 1, p. 111-123.. ISSN 1800-5845 |
| Keywords [eng] |
catch up ; economic growth ; investment in technology ; macro-economic indicators |
| Abstract [eng] |
Growing internationalization constitutes an opportunity to catch up by investigating in technology. Recently a significant amount of pa- pers analysed phenomenon of technological catch up at domestic- foreign company‘s level. However, the need for empirical studies at country’s level is relevant as well. The main aim of the paper is to evaluate the relation among invest ment in technology, technological progress and macro-economic indicato rs and in this way to estimate opportunities of investing in technology to catch up advanced coun- tries at macro level. We applied theoretical framework of neoclas- sical growth theory to explore relation between investment in tech- nology, technological progress and macro-economic indicators in different countries. The approach used in the paper is quantitative. Research results show that regardless income level, countries can increase economic growth rates an d catch up higher income coun- tries by making appropriate decisi ons of investment, changing the structure of investment in technologies by funding sources and spheres. Research contributes to the scientific literature of techno- logical progress and country‘s econ omic growth by providing empi- rical evidence of 44 countries. |
| Published |
Podgorica : ELIT |
| Type |
Journal article |
| Language |
English |
| Publication date |
2017 |
