Roberto Fontana (Universita degli Studi di Pavia and CESPRI - Bocconi University, Italy) Marco Guerzoni () (GSBC-EIC, Friedrich Schiller Unviersität, Germany) Alessandro Nuvolari (ECIS - Eindhoven University of Technology, The Netherlands)
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This paper presents a History Friendly Model which addresses the issue of the bifurcation in "technological styles" between US and Britain during the nineteenth century. The model aims at gaining a better understanding of the micro-dynamics that gave rise to different patterns of innovation in the two countries. In particular, we suggest that different demand patterns might be an explanation for the faster diffusion of capital intensive technologies in the US. Simulation results confirm this hypothesis, although only when we jointly control for the role of technological opportunities.
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Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek in its series Jena Economic Research Papers in Economics with number
2008-064.
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