The Contribution of Science and Technology to Economic Development

  • R. C. O. Matthews
Part of the International Economic Association Conference Volumes, Numbers 1–50 book series (IEA)


The broad question, what is or has been or could be the contribution of science and technology to economic growth, may be asked for a number of reasons. First, we may want to know as a matter of intellectual curiosity, how important science and technology have been as a source of economic growth in the past, compared with other sources of growth. Secondly, for purposes of policy, we may want to know the likely effects on economic growth of an increase (or decrease) in the total amount of scientific and technological input. Thirdly, again for purposes of policy, we may want to know the best way of allocating a given amount of such inputs in the interests of economic growth.


Economic Growth Physical Capital Science Policy Technical Knowledge Capital Formation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© International Economic Association 1973

Authors and Affiliations

  • R. C. O. Matthews
    • 1
  1. 1.Oxford UniversityUK

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