Importing Technology

FRB of San Francisco Working Paper No. 2003-04

37 Pages Posted: 2 May 2005

See all articles by Francesco Caselli

Francesco Caselli

London School of Economics & Political Science (LSE) - Department of Economics; Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

Daniel J. Wilson

Federal Reserve Bank of San Francisco

Multiple version iconThere are 2 versions of this paper

Date Written: March 2003

Abstract

We look at disaggregated imports of various types of equipment to make inferences on cross-country differences in the composition of equipment investment. We make three contributions. First, we document large differences in investment composition. Second, we explain these differences as being based on each equipment type's intrinsic efficiency, as well as on its degree of complementarity with other factors whose abundance differ across countries. Third, we examine the implications of investment composition for development accounting, i.e., for explaining the cross-country variation in income per capita.

Keywords: Technology, capital

Suggested Citation

Caselli, Francesco and Wilson, Daniel J., Importing Technology (March 2003). FRB of San Francisco Working Paper No. 2003-04. Available at SSRN: https://ssrn.com/abstract=709301 or http://dx.doi.org/10.2139/ssrn.709301

Francesco Caselli (Contact Author)

London School of Economics & Political Science (LSE) - Department of Economics ( email )

Houghton Street
London WC2A 2AE
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Daniel J. Wilson

Federal Reserve Bank of San Francisco ( email )

101 Market Street
Mail Stop 1130
San Francisco, CA 94105
United States

HOME PAGE: http://www.frbsf.org/economics/economists/dwilson.html

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