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Absorptive capacity and structural congruence: the binding constraints on the acquisition of technologyan analytical survey of the underlying issues
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- Authors
- Issue Date
- 2000
- Citation
- Korean Journal of Policy Studies, Vol.15 No.2, pp. 117-140
- Abstract
- Inextricable links between international trade, growth and role of knowledge-creation are well-established in the
economics literature. The issues of creation of technology, its diffusion and actual adoption have been discussed on both
theoretical and empirical planes. Effective assimilation of advanced technologies hinges on the 'Absorptive Capacity' and the
'Structural Congruence' between source vis-à-vis the destinations; role of public policies for actual implementation of these
new ideas is extremely crucial. This paper offers a synoptic overview of curent research and sketch a possible extension of the
analytical framework on an operationally feasible plane within the Computable General Equilibriurm framework. The survey
highlights that analysis of the issue of technology-induced growth in a knowledge-based society must further the analysis by
highlighting the role of factors for capturing the benefits. It has been identified that the factors propelling the acquisition
depend, inter alia, on human capital, infrastructures, learning effects, and indigenous inventive activity
- ISSN
- 1225-5017
- Language
- English
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