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dc.contributor.authorLahiri, Radhika
dc.contributor.authorRatnasiri, Shyama
dc.date.accessioned2017-05-03T15:54:34Z
dc.date.available2017-05-03T15:54:34Z
dc.date.issued2012
dc.date.modified2013-08-28T23:02:58Z
dc.identifier.issn00384038
dc.identifier.doi10.4284/0038-4038-79.1.203
dc.identifier.urihttp://hdl.handle.net/10072/49736
dc.description.abstractThe stylized facts that motivate this article include the diversity in growth patterns that are observed across countries during the process of economic development and the divergence over time in income distributions both within and across countries. We construct a dynamic general equilibrium model in which technology adoption is costly and agents are heterogeneous in their initial holdings of resources. We interpret the adoption cost as the resources expended in acquiring skills associated with new technologies. Endogenous growth occurs in our model largely as a result of human capital deepening. The analytical results of the model characterize three growth outcomes associated with the technology adoption process depending on productivity differences between the technologies. These outcomes are labeled 'poverty trap,' 'dual economy,' and 'balanced growth.' The model is then capable of explaining the observed diversity in growth patterns in addition to the divergence of incomes over time and across countries.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent342727 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherSouthern Economic Association
dc.publisher.placeUnited States
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom203
dc.relation.ispartofpageto223
dc.relation.ispartofissue1
dc.relation.ispartofjournalSouthern Economic Journal
dc.relation.ispartofvolume79
dc.rights.retentionY
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchMacroeconomic theory
dc.subject.fieldofresearchcode38
dc.subject.fieldofresearchcode380302
dc.titleGrowth Patterns and Inequality in the Presence of Costly Technology Adoption
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.rights.copyright© 2012 Southern Economic Association. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.date.issued2012
gro.hasfulltextFull Text
gro.griffith.authorRatnasiri, Shyama G.


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