Cross-Country Income Differences and Technology Diffusion in a Competitive World

Reference : Cross-Country Income Differences and Technology Diffusion in a Competitive World


	Document type :	Reports : External report
	Discipline(s) :	Business & economic sciences : Macroeconomics & monetary economics
	To cite this reference:	http://hdl.handle.net/10993/12230

Title :	Cross-Country Income Differences and Technology Diffusion in a Competitive World
Language :	English
Author, co-author :	Irmen, Andreas [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
Publication date :	2008
Publisher :	CESifo Group Munich
Report number :	2504
Keywords :	[en] capital accumulation; technology diffusion; neoclassical growth model
Abstract :	[en] 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.
Target :	Researchers ; Professionals ; Students
Permalink :	http://hdl.handle.net/10993/12230
Other URL :	http://ideas.repec.org/p/ces/ceswps/_2504.html
Commentary :	CESifo Working Paper Series

File(s) associated to this reference

Fulltext file(s):

	File	Commentary	Version	Size	Access
Limited access	cross country income differences cesifo1_wp2504.pdf		Author preprint	453.8 kB	Request a copy

All documents in ORBi^lu are protected by a user license.