Center Discussion Paper, Economic Growth Center 1004
Human development, in combination with technology, yields economic growth which, in turn, is necessary to generate further advances in human development. This paper focuses on the first channel above and finds the relationship significant. Secondly, the paper tries to investigate what affects technology change, as represented by TFP. We examine the influence of openness, FDI, patents and R&D in a 22 country sample and also contrast Asian and Latin American experience.