Human Capital, Technology Adoption and Development
نویسندگان
چکیده
منابع مشابه
Technology Adoption, Human Capital, and Growth Theory
This paper explores a model in which growth is determined by a combination of human capital and technology adoption. At the heart of the model is the notion of \contiguous knowledge" { the idea that knowledge spreads out a certain distance. Because of this property of knowledge, a developing country can adopt existing technology only when it is su±ciently close to the technological frontier. Th...
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The paper presents a model of technology adoption with endogenous supply of human capital. I investigate the effects of skill bias technical change in the frontier economies on the evolution of output, the quantity and quality of human capital in the adopting countries. The framework introduces a novel feature by connecting the direction of technology adoption to a sequential process of skill a...
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We develop a model of costly technology adoption where the cost is irrecoverable and fixed. Households must decide when to switch from an existing technology to a new, more productive technology. Using a recursive approach, we show that there is a unique threshold level of wealth above which households will adopt the new technology and below which they will not. This threshold is independent of...
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We explore the asset pricing implications of an investment-based model that features a stochastic technology frontier and costly technology adoption. Firms adopt the latest technology embodied in new capital to reach a stochastic technology frontier, but this decision entails an adoption cost. The model predicts that old capital firms are more risky and hence offer a higher returns than young c...
متن کاملOpenness, technology capital, and development
In this paper, we extend the growth model to include firm-specific technology capital and use it to assess the gains from opening to foreign direct investment. A firm’s technology capital is its unique know-how from investing in research and development, brands, and organization capital. Technology capital is distinguished from other forms of capital in that a firm can use it simultaneously in ...
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ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2011
ISSN: 1935-1690
DOI: 10.2202/1935-1690.1907