In this paper we study the productivity slowdown taking as a starting point the nonlinear shape of the growth path. We relate the slowdown to the evolution of the world income distribution and show that i) in the periods before and after the oil shocks growth is nonlinear; ii) the productivity...

The models of technology diffusion originally proposed by Metcalfe (1981), Batten (1987) and Amable (1992) are modified so as to allows for price expectations of adopters and suppliers of an innovation. We show many interesting and somewhat unexpected results, which were not noticed in the...

This paper examines the effect on economic growth and welfare of the access to external financing which results in technological transfers to a developing country from the rest of the world. We consider a two-sector stochastic growth model and compute optimal accumulation mechanisms in the...

This article develops an economic model of environmental technology adoption decisions. The model is applied econometrically to the diffusion of biological waste-water treatment plants in the Dutch food and beverage industry. It shows that it is possible to explain the overall diffusion pattern...

The adoption of state of the art techniques implemented already in more advanced countries through intermediate goods imports appears as one potential channel whereby developing countries may catch up with leader countries and grow. In order to explore this idea, this paper analyzes the behavior...

In this survey we review the literature that studies the relationship between environmental policy and technical change. We divide the literature in two broad areas of research. First, we look at the studies that evaluate the impact of environmental regulation on technological change after the...

Majority of the consumer durables have multiple technological generations. High technology product comes in new generation where a new innovation offers a significant improvement in performance or benefits over the previous generation. New innovation in the market does not immediately replace...

Traditional large appliances absorb a large share of residential electricity consumption and represent important targets of energy policy strategies aimed at achieving energy security. Despite being characterized by rather mature technologies, this group of appliances still offers large...