Technological diffusion, conditional convergence, and economic growth
By: David E. Bloom, David Canning, Jaypee Sevilla.
Contributors: Canning, David.; Sevilla, Jaypee.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper  8713; Working paper series (National Bureau of Economic Research : Online) ;; working paper no.  8713.
Publisher: National Bureau of Economic Research
Published: 2002
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Convergence (Economics); Technology transfer.; Diffusion of innovations.; Industrial productivity.
Description: "Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological leaders.  We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity (TFP) persist even in the long run due to differences in geography and institutions.  TFP differentials explain a large part of cross-country income differences in our model; our estimates of the rate of return to capital, labor and schooling are completely consistent with micro-economic studies, implying the absence of externalities in aggregate production"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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