Workers, Machines and Economic Growth

Joseph Zeira

No 1139, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper models technology adoption as replacing workers by machines, which perform the same job in the production process. The paper shows that such modelling of technology adoption affects significantly the analysis of economic growth. This model can explain large and persistent international differences in output levels and growth rates, caused by small differences in underlying parameters.

Keywords: Convergence; Economic Growth; Income Distribution; Technology Adoption (search for similar items in EconPapers)
JEL-codes: O14 O33 O40 O41 (search for similar items in EconPapers)
Date: 1995-03
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Citations: View citations in EconPapers (13)

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Journal Article: Workers, Machines, and Economic Growth (1998)
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