Implementation of Technological Breakthroughs at Sector Level and Technology-Bias
University of Hagen (Fernuniversitaet in Hagen)
University of Hagen (Fernuniversitaet Hagen)
March 12, 2012
Heterogeneous goods are produced by heterogeneous sectors in an economy. The fact that there is inter-sectoral technology-heterogeneity is named technology-bias. The technology-bias is well documented and has important theoretical implications for economic growth and unemployment. We provide a theoretical model that explains the technology-bias and its development. We provide empirical evidence on the development of the technology-bias, explain this development by using our model-results and discuss the future development of the technology-bias. Last not least, we discuss the implications of our findings for the existing growth literature and structural change literature.
Number of Pages in PDF File: 58
Keywords: sector technology, implementation of technological progress, structural change, growth, multi-sector growth models, neoclassical growth models
JEL Classification: O14, O41, O33working papers series
Date posted: March 12, 2012
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