Technology and Epidemics
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(This abstract was borrowed from another version of this item.)
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Paper provided by International Monetary Fund in its series IMF Working Papers with number 99/125.Length: 0
Date of creation: 01 Sep 1999
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Handle: RePEc:imf:imfwpa:99/125
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Related research
Keywords:Other versions of this item:
- Alberto Chong & Luisa Zanforlin, 2002. "Technology and Epidemics," IMF Staff Papers, Palgrave Macmillan, vol. 49(3), pages 6.
- 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)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- 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.
- 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.
- 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.
- 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. "Internet y la capacidad de innovar en América Latina," Research Department Publications 4292, Inter-American Development Bank, Research Department.
- 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.
- 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.
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