Empirically consistent scale effects: An endogenous growth model with technology transfer to developing countries

研究成果: Article

6 引用 (Scopus)

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Scale effects in endogenous growth models have been questioned by the fact that a remarkable increase in the number of scientists and engineers engaged in R&D in the postwar United States was indeed associated with a productivity slowdown. This paper, however, shows that this evidence could be reconciled with scale effects, once technology diffusion from technologically leading countries to followers by foreign direct investment (FDI) is incorporated into a standard model. If FDI requires scientists and engineers of advanced countries to adapt existing technologies to the local environment and to train local workers, the number of scientists and engineers would increase as the magnitude of technology diffusion expands. Also, the emergence of FDI as more profitable opportunities for scientists and engineers could lead to a domestic productivity slowdown in advanced countries.

元の言語English
ページ(範囲)25-46
ページ数22
ジャーナルJournal of Macroeconomics
25
発行部数1
DOI
出版物ステータスPublished - 2003 3 1
外部発表Yes

ASJC Scopus subject areas

  • Economics and Econometrics

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