Technological catch-up: Gradual diffusion of technology and convergence in the neoclassical growth model

Content Provider	Semantic Scholar
Author	Escot, Lorenzo
Copyright Year	1998
Abstract	In this paper, I study the effects of the international gradual transmission of technology on the convergence processes among countries. In this way, the international gradual diffusion of technology makes possible a greater potential improvement capacity to the less developed country in its technological level. When this hypothesis is included in the Solow-Swan growth models, the paper shows that the convergence hypothesis will now be maintained only in the growth rates since a gap in income levels will remain in the long run. That conditional convergence will be explained by two factors: the diminishing returns for cumulative factor and the gradual diffusion of technology. I will finish this paper with empirical evidence of these two factors explaining convergence.
Starting Page	24
Ending Page	33
Page Count	10
File Format	PDF HTM / HTML
DOI	10.1007/BF02295233
Alternate Webpage(s)	https://page-one.springer.com/pdf/preview/10.1007/BF02295233
Alternate Webpage(s)	https://doi.org/10.1007/BF02295233
Volume Number	4
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article