Technological Adaptation, Trade, and Growth

This paper extends Grossman and Helpman's seminal work (1991), and presents an endogenous growth model where innovations created in a high-tech sector may be assimilated or adapted by a low-tech sector. Applying a simple Heckscher-Ohlin framework, the effects of technological diffusion are found to allow a country relatively scarce in human capital to benefit from nondecreasing rates of growth through its low-tech sector. The model is tested by using a dynamic panel data approach (Arellano and Bover, 1995). Results are consistent with the predictions of the model and robust to a broad range of definitions of technological intensity.
Publication date: October 2000
ISBN: 9781451857801
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Topics covered in this book

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International - Economics , International - Economics , Growth , Assimilation , Technology , Imitation , Dynamic Panel Data , intermediate inputs , correlation , international trade , statistics , unskilled labor

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