I document that cross-country productivity differences in retail trade, which employs around 20% of workers, are … used and retail-sector productivity differences across countries. …

Suppose firms are subject to decreasing returns and permanent idiosyncratic productivity shocks. Suppose also firms can … productivity shocks tend to survive and others are forced to exit. This paper identifies assumptions about entry that guarantee a … stationary firm size distribution and lead to balanced growth. The range of technology diffusion mechanisms that can be …

This paper develops a two-country model in which trade is central to the process by which technology diffuses from the … decrease the rate of technology adoption, leading to a lower steady state relative income level in South. The model is … calibrated to quantify this negative impact of barriers to trade and technology adoption on relative income levels and explore …

acceleration of the pace of industry evolution leads in the short run to a net loss of information capital, a drop in productivity …

'resistance to technology' explanation. In particular, the paper attempts to understand why some industries, like the construction …

Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced …

revolution began, however, several decades passed before measured productivity growth increased. This delay is paradoxical from … quantitative model of technology diffusion which we use to study this transition to a new economy. We show that it implies both …

In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains … from opening to foreign direct investment. A firm's technology capital is its unique know-how from investing in research … and development, brands, and organization capital. What distinguishes technology capital from other forms of capital is …

A framework is developed with what we call technology capital. A country is a measure of locations. Absent policy … constraints, a firm owning a unit of technology capital can produce the composite output good using the unit of technology capital … is what constrains the number of units it operates using this unit of technology capital. If it has two units of …

International trade is frequently thought of as a production technology in which the inputs are> exports and the … imports: the reciprocal of the terms of trade. Cast this way, a> change in the terms of trade acts as a productivity shock. Or … and then> generalizing, we show that changes in the terms of trade have no first-order effect on> productivity when output …