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If Technology Has Arrived Everywhere, Why has Income Diverged?

Comin, Diego A. - 2013

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/10012459652

Financiers vs. Engineers : Should the Financial Sector be Taxed or Subsidized?

Philippon, Thomas - 2007

I study the allocation of human capital in an economy with production externalities, financial constraints and career choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but innovators face borrowing constraints and require the...

Persistent link: https://www.econbiz.de/10012465087

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/10012455224

What Explains Skill Upgrading in Less Developed Countries?

Pavcnik, Nina - 2000

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/10012470897

Patterns of Skill Premia

Acemoglu, Daron - 1999

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/10012471782

Appropriate Technology and Growth

Basu, Susanto - 1996

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/10012472963

Patents, Innovation, and Development

Hall, Bronwyn H. - 2020

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/10012481786

Firm-Level Upgrading in Developing Countries

Verhoogen, Eric - National Bureau of Economic Research - 2021

various dimensions of upgrading --- learning, quality upgrading, technology adoption, and product innovation. The second part …

Persistent link: https://www.econbiz.de/10012696370

Institutions, Competition, and Capital Market Integration in Japan

Mitchener, Kris J. - 2008

Using a newly-constructed panel data set which includes annual estimates of lending rates for 47 Japanese prefectures, we analyze why interest rates converged over the period 1884-1925. We find evidence that technological innovations and institutional changes played an important role in creating...

Persistent link: https://www.econbiz.de/10012464555

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/10012455918

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