Technological Change, Economic Growth and Developing Countries

International Journal of Economics and Management Studies

© 2017 by SSRG - IJEMS Journal

Volume 4 Issue 7

Year of Publication : 2017

Authors : Kanupriya Suthar

10.14445/23939125/IJEMS-V4I7P110

How to Cite?

Kanupriya Suthar, "Technological Change, Economic Growth and Developing Countries," SSRG International Journal of Economics and Management Studies, vol. 4,  no. 7, pp. 39-42, 2017. Crossref, https://doi.org/10.14445/23939125/IJEMS-V4I7P110

Abstract:

 Technological change is inevitable. In the process of development, traditional technologies become obsolete and make way for new and better ones. With the advent of the era of science and technology, humanity at large has benefited from all new innovations. This study investigates the effect of technological change on the growth of an economy with special reference to developing countries and macroeconomic problems faced by developing countries in adopting new technologies.

Keywords:

Technological change, Production function, Isoquant, Economic growth, Efficient technology, Appropriate technology.

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