Is Technological Progress Pareto-Improving for a World with Global Public Goods?

Keisuke Hattori

Journal of Economics, 2005, vol. 84, issue 2, 135-156

Abstract: This paper investigates the welfare effects of unilateral or multilateral technological progress in a world with global public goods. We focus on the consumption relation between the private and the public good, and then show that technological progress may be“self-centered” (benefit oneself but harm others), “self-sacrificing” (harm oneself but benefit others), or “self-defeating” (harm all) if two goods are substitutable. In addition, any type of technological progress improves every country’s welfare if the private and the public good are close complements. Copyright Springer-Verlag Wien 2005

Keywords: private provision of public goods; technological progress; technological aid; immiserizing growth; H41; O33 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jeczfn:v:84:y:2005:i:2:p:135-156

DOI: 10.1007/s00712-004-0106-6

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