Historical Technology Adoption in a Neoclassical Model
AbstractEven though recent evidence suggests that productivity differences between countries account for the bulk of cross-country differences in per capita income levels and that a large part of these productivity differences are due to countries using different technologies, there is no formal theoretical framework that aims to reconcile the evidence on cross-country per capita income differences with the evidence on cross country differences in technology adoption. In this paper we introduce a basic theoretical framework that allows us to do so. We match this theoretical framework to data on historical cross-country technology adoption patterns and use it to estimate what part of observe cross-country productivity differences can be explained by the different rates at which countries have adopted major technologies
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Bibliographic InfoPaper provided by Society for Economic Dynamics in its series 2004 Meeting Papers with number 106.
Date of creation: 2004
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Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
Web page: http://www.EconomicDynamics.org/society.htm
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Technology adoption; growth; historical data; cross-country studies;
Find related papers by JEL classification:
- N6 - Economic History - - Manufacturing and Construction
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