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Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind … the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic … of foreign direct investment (FDI), considering that the latter is an international technology diffusion channel …
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regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth …In this paper we study two closely related issues. First, the role of technology heterogeneity and diffusion in the … pattern of the observed regional heterogeneity in technology and the relevance of this pattern for the econometric analysis of …
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Continuous specialisation of a nation, conducted by the dynamic comparative advantage, is not only the effect of free market forces accompanied by commercial openness, as it depends on many other factors, among which technological progress is essential. In this study, we try to analyse the...
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