Investment-Specific Technological Change and the Brazilian Macroeconomy

Investment Specific Technological Progress and Structural Change

In this paper we introduce investment specific technical progress into Pasinetti’s model of structural change. Our aim is to assess the effects of embodied technical progress on economic growth and macroeconomic variables. Our findings suggest that despite the fact that this type of technical progress increases the productivity of capital, it has negative effects on conditions that promote full...

Investment-Specific Technological Change, Skill Accumulation, and Wage Inequality

Wage inequality between education groups in the United States has increased substantially since the early 1980s. The relative number of college-educated workers has also increased dramatically in the postwar period. This paper presents a unified framework where the dynamics of both skill accumulation and wage inequality arise as an equilibrium outcome driven by measured investmentspecific techn...

Long-Run Implications of Investment-Specific Technological Change

The role that investment-specific technological change played in generating postwar U.S. growth is investigated here. The premise is that the introduction of new, more efficient capital goods is an important source of productivity change, and an attempt is made to disentangle its effects from the more traditional Hicksneutral form of technological progress. The balanced growth path for the mode...

The Stringency Of Environmental Regulations And Technological Change: A Specific Test Of The Porter Hypothesis

Brazilian Semiconductor Industry: Technological Change and Competitiveness

This paper intends to investigate how process and product technological changes are sought and conducted by Brazilian semiconductor companies. The semiconductor sector (strongly represented by chips) deserves special attention in the set of links composing the various supply chains of the electronic industrial complex, since it is highly strategic in this context. A survey with all semiconducto...