It is clear that a great number of factors influence economic growth and development. Certainly, there are many non-economic factors as well as economic ones. However, if these diverse factors are to affect economic growth positively, they must someho...
It is clear that a great number of factors influence economic growth and development. Certainly, there are many non-economic factors as well as economic ones. However, if these diverse factors are to affect economic growth positively, they must somehow help increase the supply of factor inputs which are directly required for growth, or to enhance factor procactivity per unit of input. The main purpose of this study is to analyze the technical factors that have directly contributed to Korea's economic growth by increasing the supply of factor inputs or by enhancing factor procuctivity.
A great deal of the confusion surrounding the discussion of technological change is no doubt due to the ambiguity that shrouds the term in its conventional usage. Technological change is frequently employed in a qualitative sense. While such is sufficient for many purposes, it presents problems when one is attempting to measure changes in the existing technology and either to determine or to explain the effects of these changes.