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We draw on a dynamical two-sector model and on a calibration exercise to study the impact of a skill-biased technological shock on the growth path and income distribution of a developing economy. The model builds on the theoretical framework developed by Silverberg and Verspagen (1995) and on...
Persistent link: https://www.econbiz.de/10003117613
This paper assesses the effects of knowledge on economic growth. By using an array of indicators, each of which represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period 1960 to 2000, they show that knowledge is a significant...
Persistent link: https://www.econbiz.de/10012559802
to increase by 0.11 percentage point. This paper - a product of the Global Knowledge and Learning Division, World Bank …
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Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how …
Persistent link: https://www.econbiz.de/10003983245
call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are … specific external economic factors. Furthermore, the technology shifters allow for non-neutral and biased shifts in TC. We also …
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We propose a sectoral–shift theory of aggregate factor productivity for a class of economies with AK technologies …
Persistent link: https://www.econbiz.de/10013098934