Article information
Abstract
We develop a simple model where two technologies are available to produce the same good, and we study under what conditions both will be used. We use the model to analyze the consequences of the simultaneous use of two different technologies for the economic variables and economic growth. Finally, we explore how migrations of factors affect the technological change and the performance of the economy.
Keywords:
Technological change
Solow model
migration
Full text is only available in PDF
References
[1]
P. Aghion, P. Howitt.
A Model of Growth Through Creative Destruction.
Econometrica, vol. 60 (1992), pp. 323-351
[2]
R.E. Baldwin.
Heterogeneous Firms and Trade: Testable and Untestable Properties of the Melitz Model.
NBER Working Paper, (2005),
[3]
R.E. Baldwin, F.L. Robert-Nicoud.
Trade and Growth with Heterogeneous Firms.
CEPR Discussion Paper, (2005),
[4]
M. Ben-Gad.
The economic effects of immigration-a dynamic analysis.
Journal of Economic Dynamics and Control, 28 (2004), pp. 1825-1845
[5]
G.J. Borjas.
Heaven's Door.
Princeton University Press, (1999),
[6]
Givon, D. (2006), «Factor Replacement versus Factor Substitution, Mechanization and Asymptotic Harrod Neutrality», DEGIT, Dynamics, Economic Growth, and International Trade, series DEGIT Conference Papers, number c011 028, June 2006.
[7]
G.D. Hansen, E.C. Prescott.
Maithus to Solow.
The American Economic Review, vol. 92 (2002), pp. 1205-1217
[8]
M. Kremer.
Population Growth and Technological Change: One Million B. C. to 1990.
Quarterly Journal of Economics, 108 (1993), pp. 681-716
[9]
M.J. Melitz.
The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity.
Econometrica, vol. 71 (2003), pp. 1695-1725
[10]
S.L. Parente, E.C. Prescott.
A Unified Theory of the Evolution of International Income Levels.
Federal Reseve Bank of Minneapolis, (March 2004),
[11]
P. Peretto, John J. Seater.
Augmentation or Elimination?.
Working Paper, (2007),
[12]
V.K. Ramaswami.
International factor movement and the national advantage.
Economica, vol. 35 (1968), pp. 309-310
[13]
P. Romer.
Endogenous Technological Change.
The Journal of Political Economy, vol. 98 (1990), pp. S71-S102
[14]
J.A. Schumpeter.
The Theory of Economic Development.
Harvard University Press, (1934),
[15]
R.M. Solow.
A Contribution to the Theory of Economic Growth.
Quarterly Journal of Economics, 70 (1956), pp. 65-94
[16]
R.M. Solow.
Technical Change and the Aggregate Production Function.
Review of Economics and Statistics, 39 (1957), pp. 312-320
[17]
M. Spence.
Product Selection, Fixed Costs, and Monopolistic Competition.
The Review of Economic Studies, vol. 43 (1976), pp. 217-235
Copyright © 2008. Asociación Cuadernos de Economía