Recent theories of economic growth treat commercially oriented innovation in response to economic incentives، as a major engine of technological progress and productive growth. In this view، innovation feeds on knowledge arising from cumulative research and development (R&D) experience on one hand، and it contributes to this stock of knowledge on the other hand. Consequently، an economy’s level of productivity depends on its cumulative R&D effort and on its effective stock of knowledge، with the two being interrelated. In a world with FDI and international trade in goods، a country’s productivity depends on the R&D of its trade partners as well as its own.
Shahabadi, A. (2007). The Role of FDI, International Trade and Human Capital on Total Factor Productivity in Economic of Iran. Journal of Iran's Economic Essays (JIEE), 4(7), 99-134.
MLA
Abolfazl Shahabadi. "The Role of FDI, International Trade and Human Capital on Total Factor Productivity in Economic of Iran". Journal of Iran's Economic Essays (JIEE), 4, 7, 2007, 99-134.
HARVARD
Shahabadi, A. (2007). 'The Role of FDI, International Trade and Human Capital on Total Factor Productivity in Economic of Iran', Journal of Iran's Economic Essays (JIEE), 4(7), pp. 99-134.
VANCOUVER
Shahabadi, A. The Role of FDI, International Trade and Human Capital on Total Factor Productivity in Economic of Iran. Journal of Iran's Economic Essays (JIEE), 2007; 4(7): 99-134.
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