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Macroeconomic Convergence : International Transmission of Growth and Technical Progress
Helliwell, John F. - 1990
This paper uses data for nineteen industrial countries over the period 1960-1985 to examine the evidence for international convergence of technical progress. Several models of convergence, including a model in which convergence is affected by changes in a country's openness to trade, are...
Persistent link: https://www.econbiz.de/10012475773
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Technological Diffusion, Conditional Convergence, and Economic Growth
Bloom, David E. - 2002
Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity (TFP) persist even in the long run due to differences...
Persistent link: https://www.econbiz.de/10012470002
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Capital Deepening and Non-Balanced Economic Growth
Acemoglu, Daron - 2006
This paper constructs a model of non-balanced economic growth. The main economic force is the combination of differences in factor proportions and capital deepening. Capital deepening tends to increase the relative output of the sector with a greater capital share, but simultaneously induces a...
Persistent link: https://www.econbiz.de/10012466189
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Distance to Frontier, Selection, and Economic Growth
Acemoglu, Daron - 2002
We analyze an economy where managers engage both in the adaptation of technologies from the world frontier and in … investments, but little selection. Closer to the world technology frontier, there is a switch to innovation-based strategy with …. However, societies that cannot switch out of the investment-based strategy fail to converge to the world technology frontier …
Persistent link: https://www.econbiz.de/10012469647
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Malthus to Solow
Hansen, Gary D. - 1998
A unified growth theory is developed that accounts for the roughly constant living standards displayed by world … economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also …
Persistent link: https://www.econbiz.de/10012471954
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Population, Technology, and Growth : From the Malthusian Regime to the Demographic Transition and Beyond
Galor, Oded - 1998
This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....
Persistent link: https://www.econbiz.de/10012472002
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Technology Adoption and Growth
Parente, Stephen L. - 1991
Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced technologies. The structure is calibrated to the U.S. and postwar Japan growth experiences. Using this calibrated structure we explore how large the disparity in the effective...
Persistent link: https://www.econbiz.de/10012475272
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A Framework for Economic Growth with Capital-Embodied Technical Change
Jones, Benjamin F.; Liu, Xiaojie - National Bureau of Economic Research - 2022
Technological advance is often embodied in capital inputs. This paper develops a model where capital innovations occur on two margins: (1) vertically, where a capital input becomes more productive at a given task; and (2) horizontally, where a capital input replaces labor at a given task. These...
Persistent link: https://www.econbiz.de/10013388815
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Economic Growth under Transformative AI
Trammell, Philip; Korinek, Anton - National Bureau of Economic Research - 2023
Industrialized countries have long seen relatively stable growth in output per capita and a stable labor share. AI may be transformative, in the sense that it may break one or both of these stylized facts. This review outlines the ways this may happen by placing several strands of the literature...
Persistent link: https://www.econbiz.de/10014421241
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Understanding long-run economic growth : geography, institutions, and the knowledge economy
Costa, Dora L. (ed.); Sokoloff, Kenneth L. (honouree);  … - 2011
Persistent link: https://www.econbiz.de/10009355394