Equilibrium Technology Diffusion, Trade, and Growth
نویسندگان
چکیده
We study how opening to trade affects economic growth in a model where heterogeneous firms can adopt new technologies already use by other their home country. characterize the rate using summary statistic of profit distribution: mean-min ratio. Opening increases spread through increased export opportunities and foreign competition, induces more rapid technology adoption, generates faster growth. Quantitatively, these forces produce large welfare gains from increasing an inefficiently low adoption (JEL D21, D24, F14, F43, O33)
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ژورنال
عنوان ژورنال: The American Economic Review
سال: 2021
ISSN: ['2640-205X', '2640-2068']
DOI: https://doi.org/10.1257/aer.20151645