Technological Diffusion, Conditional Convergence, and Economic Growth / David E. Bloom, David Canning, Jaypee Sevilla.

Format:

Book

Author/Creator:

Bloom, David E.

Contributor:

National Bureau of Economic Research.

Canning, David.

Sevilla, Jaypee.

Series:

Working Paper Series (National Bureau of Economic Research) no. w8713.

NBER working paper series no. w8713

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2002.

Summary:

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.

Notes:

Print version record

January 2002.