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beneficial for welfare of individuals, and are shown to have taxonomy, not of investment capability, but of `Innovation …
Persistent link: https://www.econbiz.de/10012836235
, distribution, and innovation. Economic development has been ubiquitous with the economic progress of “developing” countries, but …
Persistent link: https://www.econbiz.de/10012849707
If government revenues from a flat-rate income tax are spent on public factors and public factors are used for human capital production and human capital is used for the production of technical progress, then a higher rate of taxation will lead to a higher rate of technical progress if steady...
Persistent link: https://www.econbiz.de/10011108048
We discuss a unified theory of directed technological change and technology adoption that can shed light on the causes of persistent productivity differences across countries. In our model, new technologies are designed in advanced countries and diffuse endogenously to less developed countries....
Persistent link: https://www.econbiz.de/10005772064
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10009739171
We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...
Persistent link: https://www.econbiz.de/10014184424
innovation and their ability in fostering industrialization, the proposed theory suggests that the desirable degree of the …
Persistent link: https://www.econbiz.de/10014051236
This article addresses theoretically the dynamics of innovation and growth paths in an economy producing “standard … relation with consumers’ decisions. In particular, we model how producers adapt their dynamics of innovation, i.e. their … different dynamics of innovation. Reaching the “industrial maturity regime” depends on the consumer taste for diversity in …
Persistent link: https://www.econbiz.de/10011074566
A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...
Persistent link: https://www.econbiz.de/10010886217
This chapter discusses different approaches pursued to explore three broad questions related to technology diffusion: what general patterns characterize the diffusion of technologies, and how have they changed over time?; what are the key drivers of technology?; and what are the macroeconomic...
Persistent link: https://www.econbiz.de/10011043181