publication . Article . 2017

Impact of Scientific and Technological Progress on Economic Development - the Views of Some Nobel Laureates of the Economic Science

Florentina Xhelili KRASNIQI; Nexhmie Berisha VOKSHI;
Open Access English
  • Published: 01 Dec 2017 Journal: Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics (issn: 1584-0409, eissn: 1584-0409, Copyright policy)
  • Publisher: Dunarea de Jos University of Galati
Abstract
There are different authors' opinions and numerous theories according to which scientific technological progress is a determining factor of the economic development. The paper aims to present the contributions of some Nobel laureates to the impact of scientific and technological progress on economic development such as Arrow, Debreu, Hicks, Solow, Kuznets, Kantorovich and Stiglitz. The research results of their contributions show that scientific technological progress is considered as a source of economic development but this advanced technology to be widely and effectively used should be accompanied by such ideological and institutional adjustments that guarant...
Subjects
free text keywords: Electronic computers. Computer science, QA75.5-76.95, Economic theory. Demography, HB1-3840, Economics as a science, HB71-74
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