Technology Adoption and Growth

Stephen Parente () and Edward Prescott

No 3733, NBER Working Papers from National Bureau of Economic Research, Inc

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.

Date: 1991-06
Note: EFG
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Citations: View citations in EconPapers (26)

Published as Revised version "Barriers to Technology Adoption and Development" Journal of Public Economics, April 1994, pp. 298-321

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Working Paper: Technology adoption and growth (1991)
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