Technology differences over space and time / Francesco Caselli.

Format:

Book

Author/Creator:

Caselli, Francesco, author.

Series:

CREI lectures in macroeconomics.

CREI Lectures in Macroeconomics

Language:

English

Subjects (All):

Technology transfer.

Physical Description:

1 online resource (145 pages) : illustrations, graphs.

Place of Publication:

Princeton, NJ : Princeton University Press, [2016]

Language Note:

In English.

Summary:

Technology Differences over Space and Time looks at how countries use their productive resources-such as workers, skills, equipment and structures, and natural resources. Francesco Caselli develops methods to assess the efficiency with which productive inputs are used, and how these efficiencies vary across countries and over time.Caselli finds that richer countries use skilled workers relatively more efficiently than unskilled workers, and equipment and structures relatively more efficiently than natural resources. They also are relatively more efficient users of labor than of capital. Technological change tends to make countries particularly efficient at using skills and less efficient at using capital. Technical change also favors experienced workers.In order to interpret and understand these findings, Caselli presents a theory of technology choice. In this theory, firms pick technologies that make the most efficient use of the most abundant production factors when these factors are good substitutes for the less abundant factors. Firms pick technologies that make the most of less abundant factors when other suitable factors are not available for substitution. For example, rich countries, where skilled workers are abundant, use skilled workers efficiently, as these are good substitutes for unskilled workers. This flexible framework can be applied to other pairs of inputs, over time, and across countries.Technology Differences over Space and Time has significant implications not only for the theoretical understanding of development and technological innovation, but also for government formulation of industrial policy and multinationals making decisions about what to invest in and where to make those investments.

Contents:

Frontmatter

Contents

Preface

1. Introduction and Preliminaries

Part I. Technology Differences Across Space

Part II. Interpreting Technology Differences

Part III. Technology Differences over Time

Appendix A. Proofs and Calculations

Appendix B. A New Data Set on Mincerian Returns (with Jacopo Ponticelli and Federico Rossi)

References

Index

Notes:

Previously issued in print: 2016.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Mai 2019)

ISBN:

9781400883608

OCLC:

988926354