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Imperfections in International Technology Flows

Ilia Atanasov ()
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Ilia Atanasov: Sofia University St. Kliment Ohridski, Faculty of Economics and Business Administration

Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies

Abstract: The question why total factor productivity (TFP) is not equal among countries is a serious problem of the process of globalization. A simple theoretical growth model is developed in order to explain this phenomenon. The model illustrates the differences in TFP using structural characteristics and foreign investors. It also captures the connection between foreign direct investments and international technology ows by using these structural characteristics as a link between the two. This way the developed model can explain paradoxes in international transfers of capital and technologies.

Keywords: FDI; growth; TFP; technology waves; Lucas Paradox (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm and nep-ifn
Date: 2017-02, Revised 2017-02
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Persistent link: https://EconPapers.repec.org/RePEc:sko:wpaper:bep-2017-02

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