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註釋This paper uses a newly constructed dataset on machinery imports from both developed and developing countries, and employs a cross-country growth-accounting framework to analye the impact of machinery imports, in association with human capital stocks, on economic growth. The findings suggest that machinery imports by developing countries have been higher over the past few years than during the 1970s and 1980s and that such imports from technologically more advanced developing countries have gained considerably in importance. The figures derived from the database support the earlier findings in the literature which suggest that the main roled of human capital in economic growth is to facilitate the adoption of technology from abroad, rather than to act as an independent factor of production.