The distribution of technological progress

Technological Progress and the Distribution of Productivities across Sectors

This paper studies the impact of the process of technological change on the distribution of productivities and pro...ts across sectors. We ...nd that if technological progress a¤ects high-tech and traditional sectors di¤erently, the impact of changes in the determinants of economic growth may differ depending on which is the actual change. When an economy is growing faster due to an increase in...

Diversity and Technological Progress

This paper proposes a tractable model to study the equilibrium diversity of technological progress and shows that equilibrium technological progress may exhibit too little diversity (too much conformity), in particular, foregoing socially bene…cial investments in “alternative”technologies that will be used at some point in the future. The presence of future innovations that will replace current...

Technological Progress and Sectoral Shares

This paper studies the effect of differences in the rate of technological progress between sectors on the relative sizes of those sectors in terms of revenues. There are two sectors: a stagnant sector, where productivity does not change over time, and a progressive sector, where costs decrease over time due to exogenous technological progress. We consider a conjectural variation approach to com...

Technological Progress Towards Sustainable Development

Technological Progress and Economic Transformation

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