Technology and Epidemics

Evidence from historical and epidemiological literatures show that epidemics tend to spread in the population according to a logistic pattern. We conjecture that the impact of new technologies on output follows a pattern of spread not unlike that of typical epidemics. After reaching a critical mass, rates of growth will accelerate until the marginal benefits of technology are fully utilized. We estimate spline functions using a GMM dynamic panel methodology for 79 countries. We use imports of machinery and equipment as a fraction of gross domestic product as a proxy for the process of technological adoption. Results confirm our hypothesis.
Publication date: September 1999
ISBN: 9781451854800
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Poverty and Homelessness , Poverty and Homelessness , growth , epidemics , logistic , technology transfer , machinery and equipment , epidemic , correlation , statistics , equation

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