Externalities and growth:
"Externalities play a central role in most theories of economic growth. We argue that international externalities, in particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is that many countries appear to share a common lo...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2004
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11009 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "Externalities play a central role in most theories of economic growth. We argue that international externalities, in particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is that many countries appear to share a common long run growth rate despite persistently different rates of investment in physical capital, human capital, and research. With this motivation, we construct a hybrid of some prominent growth models that have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating realistic dispersion of income levels with modest barriers to technology adoption. Human capital and physical capital contribute to income differences both directly (as usual), and indirectly by boosting resources devoted to technology adoption. The model implies that most of income above subsistence is made possible by international diffusion of knowledge"--National Bureau of Economic Research web site. |
| Physical Description: | 64 S. graph. Darst. |
Staff View
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11009 | |
| 520 | 3 | |a "Externalities play a central role in most theories of economic growth. We argue that international externalities, in particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is that many countries appear to share a common long run growth rate despite persistently different rates of investment in physical capital, human capital, and research. With this motivation, we construct a hybrid of some prominent growth models that have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating realistic dispersion of income levels with modest barriers to technology adoption. Human capital and physical capital contribute to income differences both directly (as usual), and indirectly by boosting resources devoted to technology adoption. The model implies that most of income above subsistence is made possible by international diffusion of knowledge"--National Bureau of Economic Research web site. | |
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| id | DE-604.BV019883995 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:08:21Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013208094 |
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| physical | 64 S. graph. Darst. |
| publishDate | 2004 |
| publishDateSearch | 2004 |
| publishDateSort | 2004 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Klenow, Peter J. Verfasser (DE-588)124771831 aut Externalities and growth Peter J. Klenow ; Andrés Rodriguez-Clare Cambridge, Mass. National Bureau of Economic Research 2004 64 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11009 "Externalities play a central role in most theories of economic growth. We argue that international externalities, in particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is that many countries appear to share a common long run growth rate despite persistently different rates of investment in physical capital, human capital, and research. With this motivation, we construct a hybrid of some prominent growth models that have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating realistic dispersion of income levels with modest barriers to technology adoption. Human capital and physical capital contribute to income differences both directly (as usual), and indirectly by boosting resources devoted to technology adoption. The model implies that most of income above subsistence is made possible by international diffusion of knowledge"--National Bureau of Economic Research web site. Wirtschaftsentwicklung Ökonometrisches Modell Economic development Econometric models Externalities (Economics) Rodríguez-Clare, Andrés Verfasser (DE-588)129753939 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11009 (DE-604)BV002801238 11009 http://papers.nber.org/papers/w11009.pdf kostenfrei Volltext |
| spellingShingle | Klenow, Peter J. Rodríguez-Clare, Andrés Externalities and growth National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Wirtschaftsentwicklung Ökonometrisches Modell Economic development Econometric models Externalities (Economics) |
| title | Externalities and growth |
| title_auth | Externalities and growth |
| title_exact_search | Externalities and growth |
| title_full | Externalities and growth Peter J. Klenow ; Andrés Rodriguez-Clare |
| title_fullStr | Externalities and growth Peter J. Klenow ; Andrés Rodriguez-Clare |
| title_full_unstemmed | Externalities and growth Peter J. Klenow ; Andrés Rodriguez-Clare |
| title_short | Externalities and growth |
| title_sort | externalities and growth |
| topic | Wirtschaftsentwicklung Ökonometrisches Modell Economic development Econometric models Externalities (Economics) |
| topic_facet | Wirtschaftsentwicklung Ökonometrisches Modell Economic development Econometric models Externalities (Economics) |
| url | http://papers.nber.org/papers/w11009.pdf |
| volume_link | (DE-604)BV002801238 |
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