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international technology diffusion, trade, cross-country productivity differences, financial development and fluctuations. In many …
Persistent link: https://www.econbiz.de/10014023784
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 mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
Persistent link: https://www.econbiz.de/10014252467
I develop a model for a small, open, technology-lagging economy that imports leading-edge knowledge from the technology leader by paying high-skilled researchers from the leading country their opportunity cost to train the lagging country's future high-skilled workers while adding to a local...
Persistent link: https://www.econbiz.de/10014068586
The convergence features of an Endogenous Growth model with Physical capital, Human Capital and R&D have been studied. We add an erosion effect (supported by empirical evidence) to this model, and fully characterize its convergence properties. The dynamics is described by a fourth-order system...
Persistent link: https://www.econbiz.de/10013292967
and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as … imperfect substitutes. However, under this approach, it has been challenging to compute skill-specific productivity levels for a … data set on labor force composition to construct measures of productivity for workers in three distinct skill categories …
Persistent link: https://www.econbiz.de/10012869262
Persistent link: https://www.econbiz.de/10003062598
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468
framework to the analysis of international technology diffusion, trade, cross-country productivity differences, financial …
Persistent link: https://www.econbiz.de/10012713370
mobility can explain differences in their per-capita income and labor productivity. We disentangle the role played by global … human-mobility network enhances both per-capita income and labor productivity. Our results hold cross-sectionally, as well … network. Our exercises also suggest that most of the gain in income and productivity can be attained if country centrality in …
Persistent link: https://www.econbiz.de/10010403724