Technology Transfer and its Impact on Economic Growth A Case Study of Developing Countries
Elmentve itt :
| Szerző: | |
|---|---|
| További közreműködők: | |
| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | economic developement economic development economic forecasting information technology technology |
| Online Access: | http://dolgozattar.uni-bge.hu/44229 |
| Kivonat: | Foreign direct investment as a significant source of technology transfer has been associated with developing economies. The diffusion of technology plays a vital role in sustaining exponential development. Technology diffusion can occur via different channels, including the transmission of new ideas, processes, and mechanisms.Several resources are essential in international technology diffusion, which includes the acquisition of human capital, high technology imports, and adoption of foreign technology. In the current study, the impact of technology transfer through foreign direct investment on economic growth in cross countries regression framework was analyzed using the data of 105 developing countries that covered the period of 2014-2020.The analysis suggests that FDI is an essential vehicle for the transfer of technology and contributes towards economic growth in developing countries. It also shows that FDI substantially impacts economic growth in upper-middle-income countries rather than lower-middle-income ones. Moreover, market demand and human capital are other essential components that positively affect the economic development of a nation. Finally, after the regression models, the study performed post-diagnostic tests to validate the models’ appropriateness and suitability. The findings of post-diagnostic tests confirmed that the overall models are appropriate and efficient. |
|---|