Scholars, students, policy makers and business practitioners will find the theoretical and empirical models provided by this book helpful in understanding the ecomics of technical change at both the micro and macro levels. The major focus is on the question of how ecomic models can be used to study firms' behavior in the invation process. The book also stresses strategies that policy makers can use to bolster technical change, techlogy diffusion, and ecomic growth. Goel covers the main topics in the ecomics of technical change in seven chapters. Each chapter introduces a discussion of key issues and research of the area. This is followed by detailed models on key topics. The reader is exposed to general issues, as well as a detailed insight into one or two of the most crucial issues. This provides a familiarity with the current state of ecomic research and unresolved questions in the area.
RAJEEV K. GOEL is Professor of Economics at Illinois State University./e Before joining the faculty there, he was a Research Associate at Oak Ridge National Laboratory. Dr. Goel has published scholarly papers in national and international journals in various economic fields. His main focus of research has been on the economics of technical change.