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If Technology Has Arrived Everywhere, Why Has Income Diverged?

Comin, Diego A. - 2014

We study the lags with which new technologies are adopted across countries, and their long-run penetration rates once they are adopted. Using data from the last two centuries, we document two new facts: there has been convergence in adoption lags between rich and poor countries, while there has...

Persistent link: https://www.econbiz.de/10013063999

Long Run Growth of Financial Technology

Farboodi, Maryam - 2017

In most sectors, technological progress boosts efficiency. But financial technology and the associated data-intensive trading strategies have been blamed for market inefficiency. A key cause for concern is that better technology might induce traders to extract other's information from order flow...

Persistent link: https://www.econbiz.de/10012955436

What Explains Skill Upgrading in Less Developed Countries?

Pavcnik, Nina - 2021

Although many developing countries have experienced growing income inequality and an increase in the relative demand for skilled workers during the 1980s, the sources of this trend remain a puzzle. This paper examines whether investment and adoption of skill-biased technology have contributed to...

Persistent link: https://www.econbiz.de/10013311860

Appropriate Technology and Growth

Basu, Susanto; Weil, David N. - 2021

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...

Persistent link: https://www.econbiz.de/10013232718

Patterns of Skill Premia

Acemoglu, Daron - 2021

In this paper, I develop a model to analyze how skill premia differ over time and across countries, and use this model to study the impact of international trade on wage inequality. Skill premia are determined by technology and the relative supply of skills. An increase in the relative supply of...

Persistent link: https://www.econbiz.de/10013243426

Patents, Innovation, and Development

Hall, Bronwyn H. - 2022

I survey some recent research on the role of patents in encouraging innovation and growth in developing economies … discuss research on the implications of patents for international technology transfer and domestic innovation. This is … performance, and the impact on pharmaceutical patenting and domestic innovation. The conclusion suggests that patents may be …

Persistent link: https://www.econbiz.de/10013290999

Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings

Hershbein, Brad - 2016

We show that skill requirements in job vacancy postings differentially increased in MSAs that were hit hard by the Great Recession, relative to less hard-hit areas. These increases persist through at least the end of 2015 and are correlated with increases in capital investments, both at the MSA...

Persistent link: https://www.econbiz.de/10012980672

Innovation, Competition and Welfare-Enhancing Monopoly

Darby, Michael R. - 2011

outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary … innovation is not the same innovation freely available but the unchanged generic technology. Growth is concentrated in any …

Persistent link: https://www.econbiz.de/10012757081

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 2010

-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous …

Persistent link: https://www.econbiz.de/10012763516

Inventive Capabilities in the Division of Innovative Labor

Arora, Ashish - 2018

of innovation and imitation, we explore how inventive capability affects a firm's R&D investments, and thus whether and … innovation and the division of innovative labor among US manufacturing firms, we find that high capability firms tend to use …

Persistent link: https://www.econbiz.de/10012911085

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