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Technological change is notonly a determinant of growth but is also a pivotal factor in internationalcompetition and the modernisation of an economy. In one of the most in-depthand detailed studies of its kind, George Korres analyzes the macroeconomic andthe microeconomic factors influencing the economics of innovation and theeconomic relations between technology, innovation, knowledge and productivity.In particular the
book
examines both the theoretical framework andthe
applications
for empirical results. The second editioncontributes updated figures and estimations for technical change from EU memberstates and features new subjects, including growth models; productivity models;production function models and non-parametric models. The book captures all theexisting contemporary techniques in the theoretical fields, as well as theempirical
applications
of the models.
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