| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15910 |
| DP15910 Big Push in Distorted Economies | |
| Francisco Buera; Hugo Hopenhayn; Yongseok Shin; Nicholas Trachter | |
| 发表日期 | 2021-03-12 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Why don't poor countries adopt more productive technologies? Is there a role for policies that coordinate technology adoption? To answer these questions, we develop a quantitative model that features complementarity in firms' technology adoption decisions: The gains from adoption are larger when more firms adopt. When this complementarity is strong, multiple equilibria and hence coordination failures are possible. More important, even without equilibrium multiplicity, the model elements responsible for the complementarity can substantially amplify the effect of distortions and policies. In what we call the Big Push region, the impact of idiosyncratic distortions is over three times larger than in models without such complementarity. This amplification enables our model to nearly fully account for the income gap between India and the US without coordination failures playing a role. |
| 主题 | Development Economics ; Macroeconomics and Growth |
| 关键词 | Technology adoption Big push Complementarities Industrial policy |
| URL | https://cepr.org/publications/dp15910 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544902 |
| 推荐引用方式 GB/T 7714 | Francisco Buera,Hugo Hopenhayn,Yongseok Shin,et al. DP15910 Big Push in Distorted Economies. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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