Workers, Machines and Economic Growth

This paper models technology adoption as replacing workers by machines, which perform the same job in the production process. The paper shows that such modelling of technology adoption affects significantly the analysis of economic growth. This model can explain large and persistent international differences in output levels and growth rates, caused by small differences in underlying parameters.

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Year of publication:	1995-03
Authors:	Zeira, Joseph
Institutions:	C.E.P.R. Discussion Papers
Subject:	Convergence \| Economic Growth \| Income Distribution \| Technology Adoption

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1139
Classification:	O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; O40 - Economic Growth and Aggregate Productivity. General ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005504740