Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Neoclassical Growth And The Adoption Of Technologies
Download Neoclassical Growth And The Adoption Of Technologies full books in PDF, epub, and Kindle. Read online Neoclassical Growth And The Adoption Of Technologies ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Neoclassical Growth and the Adoption of Technologies by : Diego Comin
Download or read book Neoclassical Growth and the Adoption of Technologies written by Diego Comin and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce a growth model of technology diffusion and endogenous Total Factor Productivity (TFP) levels both at the sector and aggregate level. At the aggregate, the model behaves as the Neoclassical growth model. Our goal is for this model to bridge the gap between the theoretical and empirical studies of technology adoption and economic growth. We bridge this gap in three important directions. First of all, we use our model to show how one unified theoretical framework is broadly consistent with the observed dynamics of both economic growth as well as of many different measures of technology adoption, like adoption rates, capital to output ratios, and output ratios. Secondly, we estimate our model using a broad range of technological adoption measures, covering 17 technologies and 21 industrialized countries over the past 180 years. This allows us to show how its predicted adoption patterns fit those observed in the data. Finally, we estimate the disparities in sectoral productivity levels as well as aggregate TFP that can be attributed to the differences in the range of technologies in use across countries. These disparities are almost completely determined by the quality of the worst technology in use, rather than by the quality of the newest technology that has just been adopted or by the number of technologies in use. Further, we find that the TFP component attributable to the range of technologies used is highly correlated with overall sectoral TFP differences across countries, though the variance is smaller.
Book Synopsis Focusing on the Effect of Educational Attainment and Technology Adoption on Economic Growth by : Wan-Goo Kang
Download or read book Focusing on the Effect of Educational Attainment and Technology Adoption on Economic Growth written by Wan-Goo Kang and published by . This book was released on 2002 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neoclassical growth theory suggests that less-developed countries will grow faster than developed countries because less-developed countries adopt technologies from the developed countries at low cost. This means that technology-adopting countries tend to grow faster when the technology gap from the technology transfer country is greater. However, experience over the last 40 years shows often that differences in growth rates across countries are persistent and some countries, especially relatively low income countries, have not grown fast in spite of a large technology gap. Therefore, this paper tries to identify environments where the technology gap affects economic growth through the diffusion of technologies obtained from leading economies by less developed ones. We assume that the benefit from the technology gap is limited by the human capital of the country and depends on interactions between that country and advanced countries. We focus on the role of average educational level in the process of technological progress through technology adoption from abroad. In addition, we test the effects of different levels of human capital. Using OLS, 3SLS, and panel analyses, this paper tests the role of human capital attainment and the effect of technology adoption combined with human capital in the growth process. This paper finds that human capital attainment and technology adoption have positive effects on economic growth. In addition, higher levels of education are more important in the later stages of development or in the developed countries. Technology adoption effects combined with human capital are increased as the human capital level increases.
Book Synopsis Technology Adoption, Human Capital, and Growth Theory by : Chris Papageorgiou
Download or read book Technology Adoption, Human Capital, and Growth Theory written by Chris Papageorgiou and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores a model in which growth is determined by a combination of human capital and technology adoption. At the heart of the model is the notion of "contiguous knowledge" the idea that knowledge spreads out a certain distance. Because of this property of knowledge, a country can adopt existing technology only when it is sufficiently close to the technological frontier. Unlike the neoclassical growth model, the proposed model predictions are pessimistic for countries that are far away from the frontier. The model is thus able to account both for rapid growth episodes and economic stagnation.
Book Synopsis The Intensive Margin of Technology Adoption by : Diego Comin
Download or read book The Intensive Margin of Technology Adoption written by Diego Comin and published by . This book was released on 2010 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a tractable model for analyzing the relationship between economic growth and the intensive and extensive margins of technology adoption. The "extensive" margin refers to the timing of a country's adoption of a new technology; the "intensive" margin refers to how many units are adopted (for a given size economy). At the aggregate level, our model is isomorphic to a neoclassical growth model, while at the microeconomic level it features adoption of firms at the extensive and the intensive margin. Based on a data set of 15 technologies and 166 countries our estimations of the model yield four main findings: (i) there are large cross-country differences in the intensive margin of adoption; (ii) differences in the intensive margin vary substantially across technologies; (iii) the cross-country dispersion of adoption lags has declined over time while the cross-country dispersion in the intensive margin has not; (iv) the cross- country variation in the intensive margin of adoption accounts for more than 40% of the variation in income per capita.
Book Synopsis Macroeconomic Modelling of R&D and Innovation Policies by : Ufuk Akcigit
Download or read book Macroeconomic Modelling of R&D and Innovation Policies written by Ufuk Akcigit and published by Palgrave Macmillan. This book was released on 2021-12-03 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book encompasses a collection of in-depth analyses showcasing the challenges and ways forward for macroeconomic modelling of R&D and innovation policies. Based upon the proceedings of the EC-DG JRC-IEA workshop held in Brussels in 2017, it presents cutting-edge contributions from a number of leading economists in the field. It provides a comprehensive overview of the current academic and policy challenges surrounding R&D as well as of the state-of-the-art modelling techniques. The book brings to the forefront outstanding issues related to the assessment of the macroeconomic impact of R&D policies and its modelling. It speaks to the rising importance of R&D and innovation policy, and the proliferation of macroeconomic models featuring endogenous technological change. The contents of this book will be of interest to both academic and policy audiences working in the fields of R&D and innovation.
Book Synopsis Appropriate Technology and Growth by : Susanto Basu
Download or read book Appropriate Technology and Growth written by Susanto Basu and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a model of growth and technology transfer based on the idea that technologies are specific to particular combinations of inputs. We argue that this model is more realistic than the usual specification, in which an improvement in any technique for producing a given good improves all other techniques for producing that good. Our model implies that technology improvements will diffuse only slowly, even if there are no barriers to the flow of knowledge and no adoption costs. On the other hand, although our basic production technology is of the `Ak' variety, technology diffusion implies that countries with identical policies and different initial incomes do eventually converge to the same level of per-capita income. We argue that a model with appropriate technology and technology diffusion is more appealing, and has more realistic predictions for long-run convergence and growth, than either the standard neoclassical model or simple endogenous-growth models.
Book Synopsis Introduction to Modern Economic Growth by : Daron Acemoglu
Download or read book Introduction to Modern Economic Growth written by Daron Acemoglu and published by Princeton University Press. This book was released on 2008-12-15 with total page 1009 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: http://press.princeton.edu/titles/8970.html. For Professors only: To access a complete solutions manual online, email us at: [email protected]
Book Synopsis Implementing Technology by : Diego Comin
Download or read book Implementing Technology written by Diego Comin and published by . This book was released on 2007 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines the initial productivity of a new technology. After implementation, learning increases the productivity of a technology to its full potential. In this framework, implementation enhances growth, while growth increases obsolescence and reduces implementation. In a calibrated version of our model, the optimal policy involves a subsidy to capital and to implementation and a R & D tax. This policy would lead to a welfare improvement of 7.6 percent. Out of steady-state analysis yields that the transitional dynamics of the detrended variables after a shock to capital are very similar to the dynamics of the neoclassical growth model, but transitory shocks have permanent effects on the level of productivity.
Book Synopsis Technology Adoption and Growth by : Stephen L. Parente
Download or read book Technology Adoption and Growth written by Stephen L. Parente and published by . This book was released on 1991 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced technologies. The structure is calibrated to the U.S. and postwar Japan growth experiences. Using this calibrated structure we explore how large the disparity in the effective tax rates on the returns to adopting technologies must be to account for the huge observed disparity in per capita income across countries. We find that this disparity is not implausibly large.
Book Synopsis An Intensive Exploration of Technology Diffusion by : Diego A. Comin
Download or read book An Intensive Exploration of Technology Diffusion written by Diego A. Comin and published by . This book was released on 2010 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a tractable model for the analysis of the relationship between economic growth and the intensive and extensive margins of technology adoption. At the aggregate level, our model is isomorphic to a neoclassical growth model. The microeconomic underpinnings of growth come from technology adoption of firms, both at the extensive and the intensive margin. We use a data set of 15 technologies and 166 countries to estimate the intensive and extensive margin of adoption using the structural equations derived from our model. We find that the variability across countries in the intensive margin is higher than in the extensive margin. The cross country variation in intensive margin of adoption accounts for around 40% of the variation in income per capita -- National Bureau of Economic Research web site.
Book Synopsis Technological Change and the Environment by : Arnulf Grübler
Download or read book Technological Change and the Environment written by Arnulf Grübler and published by Routledge. This book was released on 2010-09-30 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much is written in the popular literature about the current pace of technological change. But do we have enough scientific knowledge about the sources and management of innovation to properly inform policymaking in technology dependent domains such as energy and the environment? While it is agreed that technological change does not 'fall from heaven like autumn leaves,' the theory, data, and models are deficient. The specific mechanisms that govern the rate and direction of inventive activity, the drivers and scope for incremental improvements that occur during technology diffusion, and the spillover effects that cross-fertilize technological innovations remain poorly understood. In a work that will interest serious readers of history, policy, and economics, the editors and their distinguished contributors offer a unique, single volume overview of the theoretical and empirical work on technological change. Beginning with a survey of existing research, they provide analysis and case studies in contexts such as medicine, agriculture, and power generation, paying particular attention to what technological change means for efficiency, productivity, and reduced environmental impacts. The book includes a historical analysis of technological change, an examination of the overall direction of technological change, and general theories about the sources of change. The contributors empirically test hypotheses of induced innovation and theories of institutional innovation. They propose ways to model induced technological change and evaluate its impact, and they consider issues such as uncertainty in technology returns, technology crossover effects, and clustering. A copublication o Resources for the Future (RFF) and the International Institute for Applied Systems Analysis (IIASA).
Book Synopsis Essays in Development Economics by : Diego Pablo Restuccia
Download or read book Essays in Development Economics written by Diego Pablo Restuccia and published by . This book was released on 1998 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Neo-Classical Theory of Economic Growth (Routledge Revivals) by : James E. Meade
Download or read book A Neo-Classical Theory of Economic Growth (Routledge Revivals) written by James E. Meade and published by Routledge. This book was released on 2013-04-03 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1960, this seminal work illuminates the interrelations of the various approaches to the theory of economic growth. Professor Meade seeks to understand the factors which determine the speed of economic growth and outlines the ways in which classical economic analysis may be developed for application to the problem of economic growth.
Book Synopsis Handbook of the Economics of Innovation by : Bronwyn H. Hall
Download or read book Handbook of the Economics of Innovation written by Bronwyn H. Hall and published by Elsevier. This book was released on 2010-03-06 with total page 599 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does technology advance? How can we best assimilate innovation? These questions and others are considered by experts on the theories and applications of technological innovations. Considering subjects as diverse as the diffusion of new technologies and their industrial applications, governmental policies, and manifestations of innovation in our institutions, history, and environment, our contributors map milestones in research and speculate about the roads ahead. Wasteful, inefficient, and frequently wrongheaded, the process of technological changes is here revealed as a describable, scientific force. Two volumes, available separately and as a set. - Expert articles consider the best ways to establish optimal incentives in technological progress - Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare - Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies
Book Synopsis The Sources of Economic Growth by : Richard R. Nelson
Download or read book The Sources of Economic Growth written by Richard R. Nelson and published by Harvard University Press. This book was released on 2000 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological advance is the key driving force behind economic growth, argues Richard Nelson. Drawing on a deep knowledge of economic and technological history as well as the tools of economic analysis, he exposes the intimate connections among government policies, science-based universities, and the growth of technology.
Book Synopsis An Exploration of Technology Diffusion by : Diego A. Comin
Download or read book An Exploration of Technology Diffusion written by Diego A. Comin and published by . This book was released on 2008 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model that, at the aggregate level, is similar to the one sector neoclassical growth model, while, at the disaggregate level, has implications for the path of observable measures of technology adoption. We estimate our model using data on the diffusion of 15 technologies in 166 countries over the last two centuries. We evaluate the implications of our estimates for aggregate TFP and per capita income. Our results reveal that, on average, countries have adopted technologies 47 years after their invention. There is substantial variation across technologies and countries. Over the past two centuries, newer technologies have been adopted faster than old ones. The cross-country variation in the adoption of technologies accounts for at least a quarter of per capita income differences.
Book Synopsis Implementing Technology by : Diego Comin
Download or read book Implementing Technology written by Diego Comin and published by . This book was released on 2010 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: We introduce a tractable model of endogenous growth in which the returns to innovation are determined by the technology adoption decisions of the users of new technologies. Technology adoption involves an implementation investment that determines the initial productivity of a new technology. After implementation, learning increases the productivity of a technology to its full potential. In this framework, implementation enhances growth, while growth increases obsolescence and reduces implementation. In a calibrated version of our model, the optimal policy involves a subsidy to capital and to implementation and a Ramp;D tax. This policy would lead to a welfare improvement of 7.6 percent. Out of steady-state analysis yields that the transitional dynamics of the detrended variables after a shock to capital are very similar to the dynamics of the neoclassical growth model, but transitory shocks have permanent effects on the level of productivity.
