EIJS Working Paper Series,
Stockholm School of Economics, The European Institute of Japanese Studies

Abstract: Technical progress is at the heart of economic growth and development. New or improved technology can be achieved through own research and innovations or through the absorption and adaptation of foreign technologies. To facilitate such technical progress requires a complex system of supporting institutions and good economic policies. This paper analyzes technical progress and innovation policies in three small open economies: Finland, Sweden and Singapore. All three economies have transformed from depending on raw material intensive or labor-intensive production to highly competitive economies with a relatively high degree of technological knowledge. We find some common determinants to the transformation, such as large investments in physical and human capital and the importance of political or economic crises in forcing through good economic policies, but there are also many country specific aspects that have been crucial in the different countries.

Keywords: Economic Growth; Innovation; Economic Policies; Technology

JEL-codes: O30; O38; O57

53 pages, October 1, 2002

Full text files

eijswp0156.pdf  

Download statistics

• Stockholm School of Economics, The European Institute of Japanese Studies
• Ordering Working Papers
• Home page for this series

Questions (including download problems) about the papers in this series should be directed to Nanhee Lee ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:eijswp:0156This page generated on 2024-09-13 22:14:31.