Resource title

Cross-country income differences and technology diffusion in a competitive world

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Resource description

This paper develops a new open-economy endogenous growth model where technology diffusion allows for a stable and non-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the social infrastructure, the degree of openness, the investment rate, population growth, the level of human capital, or growth policies such as subsidies to innovation investments explain a country's position in the eventual world income distribution. Club convergence in growth rates can be traced back to a country's openness and to a minimum required level of human capital.

Resource author

Andreas Irmen

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/26549

Resource license

Adapt according to the presented license agreement and reference the original author.