Appropriate technology in a Solovian nonlinear growth model

Andrea Mario Lavezzi, Davide Fiaschi

Risultato della ricerca: Articlepeer review

6 Citazioni (Scopus)

Abstract

We propose a Solovian growth model with a convex-concave production function and international technological spillovers. We test the empirical implications of the model, analysing the effects of the productivity slowdown that followed the oil shocks of the 1970s. We argue that this slowdown, altering the world income distribution, affected the pattern of international technological spillovers, taking the poorest countries further away from the technological leaders, and therefore unable to exploit their technologies. The result is the emergence of a poverty trap for low-income countries.
Lingua originaleItalian
pagine (da-a)115-133
RivistaOxford Review of Economic Policy
Volume23
Stato di pubblicazionePublished - 2007

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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