Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more … value from them. We argue that the growing reliance on science in inventions enhances MFT. In addition to higher quality … inventions, reliance on science may enhance gains from trade and reduce the transfer cost of knowledge and other transaction …

that Japan is not spending much on basic technology development cannot be empirically substantiated from the study of the … technology.The second part of the paper is to show how two countries, one with heavy R&D activities in basic technology (the U ….S.A.)and the other with heavy R&D activities in applied technology(Japan), can compete in the world market with their productivity …

as they are used in the countries in our sample. We denote these time lags as technology usage lags and compare them with … lags in real GDP per capita. We find that (i) technology usage lags are large, often comparable to lags in real GDP per … they replace combined with the usage lags that we document, lead us to infer that technology usage disparities might …

-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production …

In this paper, we develop a model of technology adoption and economic growth in which households optimally obtain … between their growth rates will increase with the growth rate of available technology. By characterizing the optimal Ramsey … available technology. Our theory suggests that European education policies that favored specialized, vocational education might …

, technology, and geography, and that none of these alone is sufficient to account for the diverse patterns of global growth. We …