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2000-05-01Buch DOI: 10.18452/3363
Neoclassical Convergence Versus Technological Catch-Up
dc.contributor.authorDesdoigts, Alain
dc.date.accessioned2017-06-15T20:44:59Z
dc.date.available2017-06-15T20:44:59Z
dc.date.created2005-09-23
dc.date.issued2000-05-01
dc.identifier.issn1436-1086
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4015
dc.description.abstractNew macro empirical evidence is provided to assess the relative importance of object and idea gaps in explaining the world income distribution dynamics. Formal statistical hypothesis tests allow us to discriminate between two competing growthmodels: (i) the standard neoclassical growth model similar to that employed by Mankiw, Romer, and Weil (1992), (ii) an extension of the Nelson and Phelps’ approach (1966) that emphasizes the importance of technology transfer in addition to factors accumulation. First, the latter model better characterizes international data at an aggregate level. It cannot be rejected as a null hypothesis and is significantly preferred to a standard neoclassical model. Second, robust to sample selection evidence suggests that the high social returns to investment in equipment (as opposed to structure) reflect technology transfer mediated through capital goods. Finally, technological catch-up mostly benefits "socially" advanced economies and largely contributes to the polarization of the world income distributioneng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjecteconomic growtheng
dc.subjectneoclassical convergenceeng
dc.subjecttechnological catch-upeng
dc.subjectincome dynamicseng
dc.subject.ddc330 Wirtschaft
dc.titleNeoclassical Convergence Versus Technological Catch-Up
dc.typebook
dc.subtitleA Contribution for Reaching a Consensus
dc.identifier.urnurn:nbn:de:kobv:11-10047541
dc.identifier.doihttp://dx.doi.org/10.18452/3363
local.edoc.container-titleSonderforschungsbereich 373: Quantification and Simulation of Economic Processes
local.edoc.pages30
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2000
local.edoc.container-issue42
local.edoc.container-year2000
local.edoc.container-erstkatid2135319-0

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