2月26日 Technology Assimilation and Growth
发布时间: 2009-02-23   浏览次数: 69

主讲: Chong-Kee Yip
Chinese University of Hong Kong

时间:2009年2月26日(周四)下午4: 00—5:30

地点:经济学院614会议室

Abstract: This paper examines the effect of technology adoption on economic development in a standard overlapping generations model. The key to successful technology adoption is a country’s ability to technology assimilation. If technology assimilation is weak, then wages are not sufficient to support capital used by the advanced capital-intensive technology. As a result, future production declines and a poverty trap is formed. If technology assimilation is strong, then converging to the steady state of the rich is almost a sure outcome through technology adoption.