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Technology and Epidemics

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  • Alberto Chong

    (International Monetary Fund)

  • Luisa Zanforlin

    (International Monetary Fund)

Abstract

Evidence from historical and epidemiological literatures shows that epidemics tend to spread in the population according to a logistic pattern. We conjecture that the impact of new technologies on output follows a pattern of spread not unlike that of typical epidemics. After reaching a critical mass, rates of growth will accelerate until the marginal benefits of technology are fully utilized. We estimate spline functions using a GMM dynamic panel methodology for 79 countries. We use imports of machinery and equipment as a fraction of gross domestic product as a proxy for the process of technological adoption. Results confirm our hypothesis. . Copyright 2002, International Monetary Fund

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal IMF Staff Papers.

Volume (Year): 49 (2002)
Issue (Month): 3 ()
Pages: 6

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Handle: RePEc:pal:imfstp:v:49:y:2002:i:3:p:6

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Cited by:
  1. Alberto Chong & Alejandro Micco, 2002. "Internet y la capacidad de innovar en América Latina," Research Department Publications 4292, Inter-American Development Bank, Research Department.
  2. Felix Rioja & Neven Valev, 2002. "Financial Development and Growth: A Positive, Monotonic Relationship?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0207, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
  3. César Calderón & Alberto Chong & Luisa Zanforlin, 2001. "On Non-Linearities Between Exports Of Manufactures And Economic Growth," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 279-311, November.
  4. Hatipoglu, Ozan, 2008. "An Empirical Analysis of the Relationship Between Inequality and Innovation in a Schumpeterian Framework," MPRA Paper 7856, University Library of Munich, Germany.
  5. Alberto Chong & Alejandro Micco, 2002. "The Internet and the Ability to Innovate in Latin America," Research Department Publications 4291, Inter-American Development Bank, Research Department.
  6. Rioja, Felix & Valev, Neven, 2004. "Does one size fit all?: a reexamination of the finance and growth relationship," Journal of Development Economics, Elsevier, vol. 74(2), pages 429-447, August.

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