| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11009 |
| 来源ID | Working Paper 11009 |
| Externalities and Growth | |
| Peter J. Klenow; Andres Rodriguez-Clare | |
| 发表日期 | 2004-12-27 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Externalities play a central role in most theories of economic growth. We argue that international externalities, in particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is that many countries appear to share a common long run growth rate despite persistently different rates of investment in physical capital, human capital, and research. With this motivation, we construct a hybrid of some prominent growth models that have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating realistic dispersion of income levels with modest barriers to technology adoption. Human capital and physical capital contribute to income differences both directly (as usual), and indirectly by boosting resources devoted to technology adoption. The model implies that most of income above subsistence is made possible by international diffusion of knowledge. |
| 主题 | Development and Growth ; Development ; Innovation and R& ; D ; Growth and Productivity |
| URL | https://www.nber.org/papers/w11009 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568644 |
| 推荐引用方式 GB/T 7714 | Peter J. Klenow,Andres Rodriguez-Clare. Externalities and Growth. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11009.pdf（348KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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