Machine Replacement, Technology Adoption and Convergence

Adoption of Technology and Regional Convergence in Europe

This paper examines the pattern of convergence in labour productivity across regions due to their ability to adopt technology. Whether regions exhibit a pattern of convergence depends on the degree to which infrastructure conditions are appropriate for the adoption of technological improvements. The ability of a region to adopt or create technology is reflected in the percentage of its labour f...

Strategic Technology Adoption under Technological Uncertainty

Contracts and Technology Adoption

We develop a tractable framework for the analysis of the relationship between contractual incompleteness, technological complementarities, and technology adoption. In our model a …rm chooses its technology and investment levels in contractible activities by suppliers of intermediate inputs. Suppliers then choose investments in noncontractible activities, anticipating payo¤s from an ex post barg...

Cross-country Catch-up in the Manufacturing Sector: Impacts of Heterogeneity on Convergence and Technology Adoption

We analyze how technology transfer from a leading economy affects followers’ productivity growth in manufacturing sectors and Gross Domestic Product. Allowing for heterogeneous technology levels we explore how this impacts rates of catch-up in labor productivity across manufacturing sectors and GDP for 16 OECD nations. Our results indicate that aggregate studies bias downward the estimated rate...

Technology Adoption and Growth Dynamics

We study the lags with which new technologies are adopted across countries, and their penetration rates once they are adopted. Using data from the last two centuries, we estimate both the extensive and the intensive margins of technology adoption. We document two new facts: there has been convergence in adoption lags between rich and poor countries, while there has been divergence in penetratio...