Technological convergence and the connections between adoption, maintenance and investment activities

Blanca Martinez ()

No 2002025, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This paper explores the interactions between maintenance, adoption and investment activities when labor is heterogeneous. We consider that adoption activities are intensive in human capital whereas capital maintenance requires unskilled labor. Among the main results, we find that the optimal skilled and unskilled labor allocation are independently determined. Hence, maintenance (adoption) activities are not affected by changes in the efficiency of adoption (maintenance) parameters. We next simulate the model in order to study the convergence speed to the long run technological gap and the role of human capital in the process of catching-up.

Keywords: Technology adoption; Maintenance activities; Technological convergence (search for similar items in EconPapers)
JEL-codes: C63 E22 E32 O40 (search for similar items in EconPapers)
Pages: 22
Date: 2002-09-01
New Economics Papers: this item is included in nep-dev
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2002025

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