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Historical Technology Adoption in a Neoclassical Model

Author

Listed:
  • Bart Hobijn
  • Diego Comin

Abstract

Even 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

Suggested Citation

  • Bart Hobijn & Diego Comin, 2004. "Historical Technology Adoption in a Neoclassical Model," 2004 Meeting Papers 106, Society for Economic Dynamics.
  • Handle: RePEc:red:sed004:106
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    More about this item

    Keywords

    Technology adoption; growth; historical data; cross-country studies;

    JEL classification:

    • N6 - Economic History - - Manufacturing and Construction
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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