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Trade Specialisation, Technology and Economic Growth
Theory and Evidence from Advanced Countries. New Horizons in the Economics of Innovation Series
How does Ricardian specialisation affect economic development in relatively advanced countries? Keld Laursen, inspired by the myriad newly-emergent neoclassical/new industrial economics contributions, makes a detailed study of the role of specialisation and structural change in advanced economies. Until now, these theoretical contributions have not been subjected to a systematic empirical investigation. The three key questions are: * Do countries converge or diverge in terms of their specialisation patterns over time? * Can the role of technology explain the direction of national trade specialisation? * What are the implications of international specialisation patterns (and their changes) for economic growth? This study will be of immense interest to postgraduates and researchers working on theories and practices of innovation, trade, and growth.
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What Reviewers Are Saying
'... the econometric skill shown here indicates that these authors are in the best position to introduce into mainstream economics some of the issues which have for long been debated in science and technology policy studies.' -- Daniele Archibugi, Research Policy 'By exploiting newly available data sources, Keld Laursen's pioneering research makes a major empirical contribution to our understanding of the links between technology, structural change and economic growth in the world's industrially advanced countries. It also gives much needed historical perspective for current debates about the "new, knowledge-based" economy.' -- The late Keith Pavitt, formerly of SPRU - Science and Technology Policy Research, University of Sussex, UK