Technology and the Global Economy /
Eaton, Jonathan.
Technology and the Global Economy / Jonathan Eaton, Samuel S. Kortum. - Cambridge, Mass. National Bureau of Economic Research 2024. - 1 online resource: illustrations (black and white); - NBER working paper series no. w32062 . - Working Paper Series (National Bureau of Economic Research) no. w32062. .
January 2024.
Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels. Returning to Ricardo's focus on comparative efficiency as a basis for international trade, much recent quantitative equilibrium modeling of the global economy builds on particular probabilistic assumptions about technology. We review these assumptions and how they deliver a unified framework underlying a wide range of static and dynamic equilibrium models.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
General
Innovation • Research and Development • Technological Change • Intellectual Property Rights
Economic Growth and Aggregate Productivity
Technology and the Global Economy / Jonathan Eaton, Samuel S. Kortum. - Cambridge, Mass. National Bureau of Economic Research 2024. - 1 online resource: illustrations (black and white); - NBER working paper series no. w32062 . - Working Paper Series (National Bureau of Economic Research) no. w32062. .
January 2024.
Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels. Returning to Ricardo's focus on comparative efficiency as a basis for international trade, much recent quantitative equilibrium modeling of the global economy builds on particular probabilistic assumptions about technology. We review these assumptions and how they deliver a unified framework underlying a wide range of static and dynamic equilibrium models.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
General
Innovation • Research and Development • Technological Change • Intellectual Property Rights
Economic Growth and Aggregate Productivity