This paper presents an out-of-equilibrium model to explain differences in the capacity to absorb new skill-biased technologies. The usual mainstream viewpoint focusing only on the role of labour markets will be re-examined in a context characterized by a sequential structure of both the...

This paper presents an out-of-equilibrium model to explain cross-country dierences in the capacity to absorb new skill-biased technologies. The usual mainstream viewpoint stressing the role of labour markets will be re-examined in a context characterized by a sequential structure of both the...