Abstract

Technological progress is a dynamic process that, via the application and the widespread use of new technologies, becomes the engine of growth through the achievement of efficiency gains in productivity. Most countries are unable to create new technologies because they do not have the appropriate resources or their institutional environment does not favour to innovation. However, technological progress can also be observed in these countries, by adapting new technologies developed and applied effectively elsewhere. Thus, technological progress can be achieved through independent research and development activities, that is, an innovation-driven way, and through the adaptation of new technologies which are already in use in other countries, i.e. in an imitation-driven way. Human capital is also essential for the creation and adaptation of technology, so the quantitative and qualitative features of the human resources available in a country determine the conditions of technological progress. Our research aims to illustrate spatial characteristics of human resources conditions by the method of spatial autocorrelation highlighted the differences between innovation-based and imitation-based economies.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.