Technology and Epidemics
AbstractEvidence from historical and epidemiological literatures show 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 99/125.
Date of creation: 01 Sep 1999
Date of revision:
Contact details of provider:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC
Other versions of this item:
- O39 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Other
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-02-16 (All new papers)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Alberto Chong & Alejandro Micco, 2002. "Internet y la capacidad de innovar en América Latina," Research Department Publications 4292, Inter-American Development Bank, Research Department.
- Chong, Alberto & Micco, Alejandro, 2003.
"The Internet and the ability to innovate in Latin America,"
Emerging Markets Review,
Elsevier, vol. 4(1), pages 53-72, March.
- 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.
- Hatipoglu, Ozan, 2008.
"An Empirical Analysis of the Relationship Between Inequality and Innovation in a Schumpeterian Framework,"
7856, University Library of Munich, Germany.
- Ozan Hatipoglu, 2007. "An Empirical Analysis of the Relationship Between Inequality and Innovation in a Schumpeterian Framework," Working Papers 2007/10, Bogazici University, Department of Economics.
- 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.
- 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.
- 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).
If references are entirely missing, you can add them using this form.