Bergoeing, Raphael; Loayza, Norman V.; Piguillem, Facundo - Departamento de Economía, Facultad de Economía y Negocios - 2011
We explore how regulatory or institutional distortions to resource reallocation limit the ability of developing countries to adopt new technologies. An efficient economy innovates quickly; but when the economy is unable to redeploy resources away from inefficient uses, technological adoption...