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Technology transfer by multinational firms: the resource cost of transferring technological know-how

Journal Article:

Abstract

The essence of modern economic growth is the increase in the stock of useful knowledge and the extension of its application. Since the origins of technical and social innovations have never been confined to the borders of any one nation, the economic growth of all countries depends to some degree on the successful application of a transnational stock of knowledge. Nevertheless, economists have been remarkably slow in addressing themselves to the economics of international technology transfer. This paper addresses itself to this need. The starting-point is Arrow's suggestion (Am. Econ. Review, 52: 29-35 (May 1969)) that the cost of communication, or information transfer, is a fundamental factor influencing the world-wide diffusion of technology. The purpose of the paper is to examine the level and determinants of the costs involved in transferring technology. The value of the resources that have to be utilized to accomplish the successful transfer of a given manufacturing technology is used as a measure of the cost of transfer. The resource cost concept is therefore designed to reflect the ease or difficulty of transferring technological know-how from manufacturing plants in one country to manufacturing plants in another. 32 references.
Authors:
Publication Date:
Jun 01, 1977
Product Type:
Journal Article
Reference Number:
EPA-; EDB-77-106504
Resource Relation:
Journal Name: Econ. J. (R. Econ. Soc.); (United Kingdom); Journal Volume: 87:346
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; RESOURCES; TECHNOLOGY TRANSFER; COST; EVALUATION; INTERNATIONAL COOPERATION; MANUFACTURING; 290200* - Energy Planning & Policy- Economics & Sociology; 290400 - Energy Planning & Policy- Energy Resources
OSTI ID:
7257334
Research Organizations:
Stanford Univ., CA
Country of Origin:
United Kingdom
Language:
English
Other Identifying Numbers:
Journal ID: CODEN: ECJOA
Submitting Site:
TIC
Size:
Pages: 242-261
Announcement Date:

Journal Article:

Citation Formats

Teece, D J. Technology transfer by multinational firms: the resource cost of transferring technological know-how. United Kingdom: N. p., 1977. Web.
Teece, D J. Technology transfer by multinational firms: the resource cost of transferring technological know-how. United Kingdom.
Teece, D J. 1977. "Technology transfer by multinational firms: the resource cost of transferring technological know-how." United Kingdom.
@misc{etde_7257334,
title = {Technology transfer by multinational firms: the resource cost of transferring technological know-how}
author = {Teece, D J}
abstractNote = {The essence of modern economic growth is the increase in the stock of useful knowledge and the extension of its application. Since the origins of technical and social innovations have never been confined to the borders of any one nation, the economic growth of all countries depends to some degree on the successful application of a transnational stock of knowledge. Nevertheless, economists have been remarkably slow in addressing themselves to the economics of international technology transfer. This paper addresses itself to this need. The starting-point is Arrow's suggestion (Am. Econ. Review, 52: 29-35 (May 1969)) that the cost of communication, or information transfer, is a fundamental factor influencing the world-wide diffusion of technology. The purpose of the paper is to examine the level and determinants of the costs involved in transferring technology. The value of the resources that have to be utilized to accomplish the successful transfer of a given manufacturing technology is used as a measure of the cost of transfer. The resource cost concept is therefore designed to reflect the ease or difficulty of transferring technological know-how from manufacturing plants in one country to manufacturing plants in another. 32 references.}
journal = {Econ. J. (R. Econ. Soc.); (United Kingdom)}
volume = {87:346}
journal type = {AC}
place = {United Kingdom}
year = {1977}
month = {Jun}
}