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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w20856 |
来源ID | Working Paper 20856 |
Why Doesn't Technology Flow from Rich to Poor Countries? | |
Harold L. Cole; Jeremy Greenwood; Juan M. Sanchez | |
发表日期 | 2015-01-19 |
出版年 | 2015 |
语种 | 英语 |
摘要 | What determines the technology that a country adopts? While many factors affect technological adoption, the efficiency of the country's financial system may also play a significant role. To address this question, a dynamic contract model is embedded into a general equilibrium setting with competitive intermediation. The ability of an intermediary to monitor and control the cash flows of a firm plays an important role in the technology adoption decision. Can such a theory help to explain the differences in total factor productivity and establishment-size distributions across India, Mexico, and the United States? A quantitative illustration suggests the answer is yes. |
主题 | Microeconomics ; Behavioral Economics ; Macroeconomics ; Macroeconomic Models ; Financial Economics ; Financial Institutions ; Development and Growth ; Development |
URL | https://www.nber.org/papers/w20856 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578531 |
推荐引用方式 GB/T 7714 | Harold L. Cole,Jeremy Greenwood,Juan M. Sanchez. Why Doesn't Technology Flow from Rich to Poor Countries?. 2015. |
条目包含的文件 | 条目无相关文件。 |
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