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Technological Diffusion, Conditional Convergence, and Economic Growth

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  • David E. Bloom
  • David Canning
  • Jaypee Sevilla

Abstract

Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity (TFP) persist even in the long run due to differences in geography and institutions. TFP differentials explain a large part of cross-country income differences in our model; our estimates of the rate of return to capital, labor and schooling are completely consistent with micro-economic studies, implying the absence of externalities in aggregate production.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 8713.

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Date of creation: Jan 2002
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Handle: RePEc:nbr:nberwo:8713

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Cited by:
  1. Romain Bouis & Romain Duval & Fabrice Murtin, 2011. "The Policy and Institutional Drivers of Economic Growth Across OECD and Non-OECD Economies: New Evidence from Growth Regressions," OECD Economics Department Working Papers, OECD Publishing 843, OECD Publishing.
  2. Frankel, Jeffrey, 2004. "Real Convergence and Euro Adoption in Central and Eastern Europe: Trade and Business Cycle Correlations as Endogenous Criteria for Joining EMU," Working Paper Series, Harvard University, John F. Kennedy School of Government rwp04-039, Harvard University, John F. Kennedy School of Government.
  3. Nicholas Apergis & Claire Economidou & Ioannis Filippidis, 2008. "Innovation, Technology Transfer and Labor Productivity Linkages: Evidence from a Panel of Manufacturing Industries," Review of World Economics (Weltwirtschaftliches Archiv), Springer, Springer, vol. 144(3), pages 491-508, October.
  4. Bos, J.W.B. & Economidou, C. & Koetter, M. & Kolari, J.W., 2010. "Do all countries grow alike?," Journal of Development Economics, Elsevier, Elsevier, vol. 91(1), pages 113-127, January.
  5. Faruk Aydin & Hulya Saygili & Mesut Saygili & Gokhan Yilmaz, 2010. "Dis Ticarette Kuresel Egilimler ve Turkiye Ekonomisi," Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey 1001, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  6. Maliranta, Mika, . "Micro Level Dynamics of Productivity Growth. An Empirical Analysis of the Great Leap in Finnish Manufacturing Productivity in 1975-2000," ETLA A, The Research Institute of the Finnish Economy, The Research Institute of the Finnish Economy, number 38.
  7. Nadja Wirz, 2008. "Assessing the Role of Technology Adoption in China's Growth Performance," EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics 2008-06, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
  8. Hervé Boulhol, 2004. "Technology Differences, Institutions and Economic Growth: a Conditional Conditional Convergence," Working Papers, CEPII research center 2004-02, CEPII research center.
  9. Frankel, Jeffrey, 2008. "Should Eastern European Countries Join the Euro? A Review and Update of Trade Estimates and Consideration of Endogenous OCA Criteria," Working Paper Series, Harvard University, John F. Kennedy School of Government rwp08-059, Harvard University, John F. Kennedy School of Government.

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