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dc.contributor.authorLahiri, Radhika
dc.contributor.authorRatnasiri, Shyama
dc.date.accessioned2017-05-03T15:54:33Z
dc.date.available2017-05-03T15:54:33Z
dc.date.issued2007
dc.date.modified2011-05-30T06:58:12Z
dc.identifier.issn10830898
dc.identifier.doi10.1007/s11294-007-9116-9
dc.identifier.urihttp://hdl.handle.net/10072/38897
dc.description.abstractEmpirical evidence suggests that there has been a divergence over time in income distributions across countries and within countries. Furthermore, developing economies show a great deal of diversity in their growth patterns during the process of economic development. For example, some of these countries converge rapidly on the leaders, while others stagnate, or even experience reversals and declines in their growth processes. In this paper we study a simple dynamic general equilibrium model with household specific costs of technology adoption which is consistent with these stylized facts. In our model, growth is endogenous, and there are two-period lived overlapping generations of agents, assumed to be heterogeneous in their initial holdings of wealth and capital. We find that in a special case of our model, with costs associated with the adoption of more productive technologies fixed across households, inequalities in wealth and income may increase over time, tending to delay the convergence in international income differences. The model is also capable of explaining some of the observed diversity in the growth pattern of transitional economies. According to the model, this diversity may be the result of variability in adoption costs over time, or the relative position of a transitional economy in the world income distribution. In the more general case of the model with household specific adoption costs, negative growth rates during the transitional process are also possible.
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherSpringer
dc.publisher.placeUnited States
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom527
dc.relation.ispartofpageto528
dc.relation.ispartofissue4
dc.relation.ispartofjournalInternational Advances in Economic Research
dc.relation.ispartofvolume13
dc.rights.retentionY
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchcode38
dc.titleConcerning Inequality, Technology Adoption, and Structural Change
dc.typeJournal article
dc.type.descriptionC3 - Articles (Letter/ Note)
dc.type.codeC - Journal Articles
gro.date.issued2007
gro.hasfulltextNo Full Text
gro.griffith.authorRatnasiri, Shyama G.


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