Abstract

SANCHEZ PEREZ, GERMÁN; DUARTE, LEONARDO  and  BLANCO, MARIO. KNOWLEDGE IN GLOBAL AND COLOMBIAN ECONOMY. Rev.fac.cienc.econ. [online]. 2013, vol.21, n.2, pp.97-114. ISSN 0121-6805.

This article demonstrates that knowledge plays a fundamental role in modern economies performance and Colombia has a large technological gap compared to develop countries and even compared to Ibero American countries. This article shows that a 0.5% increase in technological progress would increase Colombian per capita GDP growth in 2.0% during 5 (five) years. Considering that international differences in knowledge use - innovative skills, innovation sources and uses, corporative strategies and institutional conditions are fundamental to explain both, each country contribution to international trade and international differences in income levels (Dosi et al, 1993), Colombian economy situation is critical in this sense.

Keywords : Economic growth; Knowledge; Technical change; Technological progress.

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