985数量经济与金融系列讲座第89期：Technology Assimilation and Growth

题目: Technology Assimilation and Growth

主讲: Chong-Kee Yip

Chinese University of Hong Kong

时间：2009年2月26日（周四）下午4: 00—5:30

地点：经济学院614会议室

Abstract: This paper examines the effect of technology adoption on economic development in a standard overlapping generations model. The key to successful technology adoption is a country’s ability to technology assimilation. If technology assimilation is weak, then wages are not sufficient to support capital used by the advanced capital-intensive technology. As a result, future production declines and a poverty trap is formed. If technology assimilation is strong, then converging to the steady state of the rich is almost a sure outcome through technology adoption.