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Technology Diffusion and Postwar Growth

  • Diego A. Comin

    ()

    (Harvard Business School, Business, Government and the International Economy Unit)

  • Bart Hobijn

    ()

    (Federal Reserve Bank of San Francisco)

In the aftermath of World War II, the world's economies exhibited very different rates of economic recovery. We provide evidence that those countries that caught up the most with the U.S. in the postwar period are those that also saw an acceleration in the speed of adoption of new technologies. This acceleration is correlated with the incidence of U.S. economic aid and technical assistance in the same period. We interpret this as supportive of the interpretation that technology transfers from the U.S. to Western European countries and Japan were an important factor in driving growth in these recipient countries during the postwar decades.

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Paper provided by Harvard Business School in its series Harvard Business School Working Papers with number 11-027.

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Length: 62 pages
Date of creation: Sep 2010
Date of revision:
Handle: RePEc:hbs:wpaper:11-027
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