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Technology Adoption and Growth / Stephen L. Parente, Edward C. Prescott.
- Format:
- Book
- Author/Creator:
- Parente, Stephen L.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3733.
- NBER working paper series no. w3733
- Language:
- English
- Subjects (All):
- Production functions (Economic theory).
- Technological innovations--Economic aspects.
- Technological innovations.
- Economic development.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1991.
- Cambridge, Mass. : National Bureau of Economic Research, 1991.
- Summary:
- Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced technologies. The structure is calibrated to the U.S. and postwar Japan growth experiences. Using this calibrated structure we explore how large the disparity in the effective tax rates on the returns to adopting technologies must be to account for the huge observed disparity in per capita income across countries. We find that this disparity is not implausibly large.
- Notes:
- Print version record
- June 1991.
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