Clustering Technological Innovation and Small and Medium-sized Entemrises
Technological Innovation is the key for sustainable development of small and medium-sized enterprises (SMEs).. Using an endogenous growth model to analyze two endogenous variables (capital and technological innovation) will draw a conclusion：based on increasing or constant returns to scale on the knowledge production,once the technical innovation begins, the economy would enter an ever-increasing path of technological innovation (and production).Based on decreasing returns to scale in knowledge production，economic convergence to a stable equilibrium point in which the economic growth rate depends on the labor force growth rate.Therefore,the clustering of technological innovation in individual small and medium-sized enterprises can make up for the lack of small-scale technological innovations，limited labor growth rate，isolation and dispersion.
Small and medium-sized enterprises Technological innovation Cluster Model of endogenous growth
Gui-rong SHAO
Department of Economics and Management,Shaoxing University,Shaoxing P.R.C 312000
国际会议
The Second China Private Economy Innovation International Forum(第二届中国民营经济创新国际论坛)
浙江台州
英文
70-76
2009-08-21（万方平台首次上网日期，不代表论文的发表时间）