We prove that the change in welfare of a representative consumer is summarized by the current and expected future … while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations … where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units …

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

asymmetries in the convergence process of the RULCs and its components – real wages, capital intensity, and technology – are … achieving real convergence and, by extension, nominal convergence. We conclude by outlining technology as the key convergence …

colleges for low-income community college students. This paper explores the role that access to information technology, in …

This paper explores the geographic overlap of trade and technology shocks across local labor markets in the United … technology are present throughout the United States, the impacts of trade tend to be more geographically concentrated, owing in … separately identify the impacts of recent changes in trade and technology on U.S. regional economies. …

. This program has considerably increased access to information technology within households since evidence shows that … parents make use of the technology. Households in the department of Florida received laptops in 2007, while those in the …