| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP970 |
| DP970 Convergence, Competitiveness and the Exchange Rate | |
| Andrea Boltho | |
| 发表日期 | 1994-06-30 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper describes a simple model of technology adoption which combines the two engines of growth emphasized in the recent growth literature: human capital accumulation and technological progress. Our model economy does not create new technologies, it simply adopts those that have been created elsewhere. The accumulation of human capital is closely tied to this adoption process: accumulating human capital simply means learning how to incorporate a new intermediate good into the production process. Since the adoption costs are proportional to the labour force, the model does not display the counterfactual scale effects that are standard in models with endogenous technical progress. We show that our model is compatible with various standard results on the effects of economic policy on the rate of growth. |
| 主题 | International Macroeconomics |
| 关键词 | Economic policy Growth Technology adoption |
| URL | https://cepr.org/publications/dp970 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530109 |
| 推荐引用方式 GB/T 7714 | Andrea Boltho. DP970 Convergence, Competitiveness and the Exchange Rate. 1994. |
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