Technology Adoption, Human Capital, and Growth Theory

18 Pages Posted: 3 Jul 2003

See all articles by Chris Papageorgiou

Chris Papageorgiou

International Monetary Fund (IMF) - Research Department

Abstract

The paper explores a model in which growth is determined by a combination of human capital and technology adoption. At the heart of the model is the notion of "contiguous knowledge" the idea that knowledge spreads out a certain distance. Because of this property of knowledge, a country can adopt existing technology only when it is sufficiently close to the technological frontier. Unlike the neoclassical growth model, the proposed model predictions are pessimistic for countries that are far away from the frontier. The model is thus able to account both for rapid growth episodes and economic stagnation.

Suggested Citation

Papageorgiou, Chris, Technology Adoption, Human Capital, and Growth Theory. Review of Development Economics, Vol. 6, pp. 351-368, 2002. Available at SSRN: https://ssrn.com/abstract=330788

Chris Papageorgiou (Contact Author)

International Monetary Fund (IMF) - Research Department ( email )

700 19th Street NW
Washington, DC 20431
United States

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