Cost - Benefit Analysis of the Technological Intervention in OECD

Shirantha Heenkenda, Kasun D Ramanayake R.A

Abstract


When a successful technological policy is implemented effectively, it generates numerous benefits for the economic policy and for the economy. Therefore, policy makers have a responsibility to choose the correct and significant policy instrument, and they must use this in an appropriate way in the economy. In this paper we illustrate the implementation and empirical situation in these policies in the world. Specially, how do the technological policies differ in the countries of the world?  What impacts do those differences have on the innovation performance and, more generally, inside the economies. The study is based on a secondary data method while secondary data is also taken for the analysis and repots. This means that both quantitative and qualitative methods are meaningfully integrated and present in the research. Finally, this work theoretically and empirically proves the importance technology in the economic growth theory and explained the role of technological and science policy along with implementations, policy instruments, and final cost-benefit analysis of these policies.

KEY WORDS: R&D policy, Labor, Human Capital, PPP, Cost- Benefit Analyze


Keywords


- R&D Policy, Labor, Human Capital, PPP, Cost- Benefit Analyze.

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