Technology adoption and growth

Stephen Parente () and Edward Prescott

No 136, Staff Report from Federal Reserve Bank of Minneapolis

Abstract: Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced technologies. The structure is calibrated to the U.S. and postwar Japan growth experiences. Using this calibrated structure we explore how large the disparity in the effective tax rates on the returns to adopting technologies must be to account for the huge observed disparity in per capita income across countries. We find that this disparity is not implausibly large.

Keywords: Economic development; Technology (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (20)

Published in Journal of Political Economy (Vol. 102, n.2, 1994, pp. 298-321)

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Related works:
Working Paper: Technology Adoption and Growth (1991)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedmsr:136

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