Abstract
It is obvious that received theory is in a highly unsatisfactory state from the point of view of its usefulness in understanding the problems posed by the technological development of the so-called ‘recently industrialised’ nations.
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References
N. Terleckij. Sources of productivity growth in the U.S. manufacturing sector (Unpublished Ph.D. dissertation, Columbia, 1960).
J. Schmookler, Invention and Economic Growth (Harvard University Press, 1966), p. 2.
Two excellent surveys in this respect are: C. Freeman, Measurement of Output of R and D, a Review Paper (Mimeo, Unesco, Jan. 1969);
and B. Sanders, ‘Some difficulties in measuring inventive activity’, in The Rate and Direction of Inventive Activity, (N.B.E.R., Princeton, 1962).
For a discussion of this point, see D. Chudnovsky and J. Katz, ‘Patentes e Importación de Tecnologla’, Económica (La Plata, Enero de 1970).
An excellent account of the role played by the ‘technical assistance to production’ group at Dupont de Nemeurs (U.S.) can be found in S. Hollander, The Sources of Increased Efficiency (M.I.T. University Press, 1966).
C. Vaitsos. Transfer of resources and the preservation of monopoly rents (Lima, April 1970) (mimeo).
Banco Central de la Republica Argentina, Origen del Producto y Distribuciôn del Ingreso (Buenos Aires, Enero de 1971).
The definitions of the variables are fairly similar to those employed within the framework of the Argentinian study. These can be found in N. Terleckij: Sources of Productivity Growth in the U.S. Manufacturing Sector (Ph.D. Dissertation, Columbia, 1960). Although there is no published version of this thesis, it is available on microfilm.
The statistical relationship between the rate of growth of output and the rate of overall factor productivity growth, recently named the ‘Verdoorn Effect’, has been discussed extensively in the literature. See, for example, W. Beckerman, The British Economy in 1975 (Cambridge University Press, 1966);
R. C. O. Matthews and R. Hahn, ‘The Theory of Economic Growth, A Survey’, Economic Journal (December, 1964);
J. Katz, ‘Verdoorn Effects, Returns to Scale and the Elasticity of Factor Substitution’, Oxford Economic Papers (July, 1968).
Some evidence for this has been presented in J. Katz, Production Functions, Foreign Investment and Growth (North Holland Publishing Co., 1969). Chapter
J. Verdoorn, ‘Fattori the regolano to sviluppo della produttività del lavoro’, L’Industria (Milan, 1949).
Also: J. Verdoorn, ‘Complementarity and long-run projections’, Econometrica (Oct. 1956).
E. Mansfield, Industrial Research and Technological Innovation (Norton, New York, 1968).
See, for example: S. Hollander, op. cit. (M.I.T. University Press, 1966);
D. Hamberg, ‘Invention in the industrial research laboratory’, Journal of Political Economy (1963);
R. Nelson et al., Technology, Economic Growth and Public Policy (The Brookings Institution, 1967).
S. Hollander, op. cit., p. 206 (M.I.T. University Press, 1966).
On conventional definitions, see National Science Foundation, Research and Development in Industry (U.S. Government Printing Office, Washington, D.C., 1968).
Also: O.E.C.D., Proposed Standard Practice for Surveys of R and D, Directorate of Scientific Affairs, Paris, 1963).
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© 1973 International Economic Association
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Katz, J.M. (1973). Industrial Growth, Royalty Payments and Local Expenditure on Research and Development. In: Urquidi, V.L., Thorp, R. (eds) Latin America in the International Economy. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01728-7_7
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