The development problem under embodiment

Simple item page
dc.citation.epage58en_US
dc.citation.issueNumber1en_US
dc.citation.spage42en_US
dc.citation.volumeNumber10en_US
dc.contributor.authorBoucekkine, R.en_US
dc.contributor.authorMartínez, B.en_US
dc.contributor.authorSaglam, C.en_US
dc.date.accessioned2016-02-08T10:20:18Z
dc.date.available2016-02-08T10:20:18Z
dc.date.issued2006en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis paper studies technology adoption in an optimal growth model with embodied technical change. The economy consists of the final good sector, the capital sector, and the technology sector which role is the imitation of exogenous innovations. Scarce labor resources are allocated to the technology and final good sectors. The final good is allocated to consumption and to the capital sector. The authors analytically characterize the long run optimal allocations. Using a calibrated version of the model, they find that an acceleration in the rate of embodied technical change should not be responded by an immediate and strong adoption effort. Instead, adoption labor should decrease in the short run, and the optimal technological gap is shown to increase either in the short or in the long run. The state of the institutions and policies around the technology sector is key in the design of the optimal adoption timing. © 2006 The Authors; Journal compilation © 2006 Blackwell Publishing Ltd.en_US
dc.description.provenanceMade available in DSpace on 2016-02-08T10:20:18Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 70227 bytes, checksum: 26e812c6f5156f83f0e77b261a471b5a (MD5) Previous issue date: 2006en
dc.identifier.doi10.1111/j.1467-9361.2005.00299.xen_US
dc.identifier.eissn1467-9361
dc.identifier.issn1363-6669
dc.identifier.urihttp://hdl.handle.net/11693/23855
dc.language.isoEnglishen_US
dc.publisherWiley-Blackwell Publishing Ltd.en_US
dc.relation.isversionofhttp://dx.doi.org/10.1111/j.1467-9361.2005.00299.xen_US
dc.source.titleReview of Development Economicsen_US
dc.subjectDevelopment economicsen_US
dc.subjectNumerical modelen_US
dc.subjectOptimizationen_US
dc.subjectTechnology adoptionen_US
dc.titleThe development problem under embodimenten_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
The development problem under embodiment.pdf
Size:
241.14 KB
Format:
Adobe Portable Document Format
Description:
Full printable version
Download

Collections

Scholarly Publications - Economics