Journal of Current Research on Social Sciences (JoCReSS) - ISSN: 2547-9644

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Abstract


Carriers of Technology Diffusion to the Emerging Markets via TFP: A Critical Literature Survey

For the less developed and emerging market economies that are not able to produce their own production technologies, the transfer of technology and its effective use in production process are essential for their long-run economic growth and development. Hovever, the transfer and adaptaion of new technologies from the developed nations to emerging economies are not easy and the outcome is not a success for all of them. Thus, this study is a critical literature survey which firstly investigates the effects of domestic research and development activities, trade (imports), foreign direct investment inflows and human capital on total factor productivity, which is accepted as proxy for the technology diffusion. The study, secondly, discusses why some nations are relatively more or less succesfull in the transfer and adaptations of new technologies and thirdly, with the help of the literature, it argues whether the TFP is a good indicator of the technology.



Keywords
Technology, Technology Diffusion, TFP, Emerging Markets.



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