Technological diffusion, conditional convergence, and economic growth
by David E. Bloom
"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"--National Bureau of Economic Research web site.
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Technological diffusion, conditional convergence, and economic growth
2002, National Bureau of Economic Research
Electronic resource
in English
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Includes bibliographical references.
Title from PDF file as viewed on 3/3/2005.
Also available in print.
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Mode of access: World Wide Web.
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