1 option
Technology and the Global Economy / Jonathan Eaton, Samuel S. Kortum.
- Format:
- Book
- Author/Creator:
- Eaton, Jonathan.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w32062.
- NBER working paper series no. w32062
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2024.
- Summary:
- Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels. Returning to Ricardo's focus on comparative efficiency as a basis for international trade, much recent quantitative equilibrium modeling of the global economy builds on particular probabilistic assumptions about technology. We review these assumptions and how they deliver a unified framework underlying a wide range of static and dynamic equilibrium models.
- Notes:
- Print version record
- January 2024.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.