| Abstract: | Listed according to GDP per capita, Denmark ranks twelfth in the world and fourth in the European Economic Community (EEC). However, traditional technology indicators such as R&D intensity rank Denmark surprisingly low in the hierarchy of developed countries — surprisingly low in relation to the general assumption that high GDP is often associated with a high R&D effort [1]. This is particularly the case in a country which, like Denmark, lacks important natural resources and has relatively high wages for the unskilled workforce.Although there is no strict theoretical reason for this assumption, especially in a neo-classical/neo-factor proportion approach, the discrepancy between the levels of GDP and R&D makes it interesting to determine whether technology stems from sources other than immediately measurable R&D efforts.In the following we outline the Danish economy, and then see how knowledge and technology may be produced to explain the discrepancy between Denmark's economic level and its level of R&D. |
