The Technology Cycle and Inequality
نویسنده
چکیده
Motivated by the observed rise in the trade of technology, I analyze how technology would spread in a frictionless market. In such a world, low-skilled agents prefer to use old technology because it costs less; their skills do not justify the use of frontier technology. The model generates a technology-life cycle of somewhere between 68 and 124 years and per-capita income differential factors between 2.3 and 4.5. The model matches fairly well the cross-section relation between a country’s income per capita and the average age of the technologies that its residents use. It is also consistent with aspects of the observed positive relation between income and imports of technology.
منابع مشابه
Can social instability, food deprivation and food inequality accelerate neuronal aging?
Based on both animal and human studies, inequality in food intake and social instability has adverse effects on the health of individuals and the community. However, it is not known whether social instability, food deprivation and food inequality affect neuronal death and premature aging in young animals. To address this question, the effects of these adverse situations, histopathological chang...
متن کاملAn Iterative Scheme for Generalized Equilibrium, Variational Inequality and Fixed Point Problems Based on the Extragradient Method
The problem ofgeneralized equilibrium problem is very general in the different subjects .Optimization problems, variational inequalities, Nash equilibrium problem and minimax problems are as special cases of generalized equilibrium problem. The purpose of this paper is to investigate the problem of approximating a common element of the set of generalized equilibrium problem, variational inequal...
متن کاملA Version of Favard's Inequality for the Sugeno Integral
In this paper, we present a version of Favard's inequality for special case and then generalize it for the Sugeno integral in fuzzy measure space $(X,Sigma,mu)$, where $mu$ is the Lebesgue measure. We consider two cases, when our function is concave and when is convex. In addition for illustration of theorems, several examples are given.
متن کاملOn a New Reverse Hilbert\'s Type Inequality
In this paper, by using the Euler-Maclaurin expansion for the Riemann-$zeta$ function, we establish an inequality of a weight coefficient. Using this inequality, we derive a new reverse Hilbert's type inequality. As an applications, an equivalent form is obtained.
متن کاملInverse Young inequality in quaternion matrices
Inverse Young inequality asserts that if $nu >1$, then $|zw|ge nu|z|^{frac{1}{nu}}+(1-nu)|w|^{frac{1}{1-nu}}$, for all complex numbers $z$ and $w$, and equality holds if and only if $|z|^{frac{1}{nu}}=|w|^{frac{1}{1-nu}}$. In this paper the complex representation of quaternion matrices is applied to establish the inverse Young inequality for matrices of quaternions. Moreover, a necessary and ...
متن کاملSome Results on facets for linear inequality in 0-1 variables
The facet of Knapsack ploytope, i.e. convex hull of 0-1 points satisfying a given linear inequality has been presented in this current paper. Such type of facets plays an important role in set covering set partitioning, matroidal-intersection vertex- packing, generalized assignment and other combinatorial problems. Strong covers for facets of Knapsack ploytope has been developed in the first pa...
متن کامل