SNG, Hui Ying; RAHMAN, Shahidur; CHIA, Wai Mun - In: Journal of Economic Development 34 (2009) 2, pp. 1-25
This paper constructs a stochastic growth model that anchors on technology diffusion and improvement in social infrastructure to explain the growth of developing countries. The model is based on the technological diffusion model by Barro and Sala-i-Martin (1997) with two significant extensions:...