An Intensive Exploration of Technology Diffusion / Diego A. Comin, Martí Mestieri.

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Comin, Diego A

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Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w16379.Publication details: Cambridge, Mass. National Bureau of Economic Research 2010.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: We present a tractable model for the analysis of the relationship between economic growth and the intensive and extensive margins of technology adoption. At the aggregate level, our model is isomorphic to a neoclassical growth model. The microeconomic underpinnings of growth come from technology adoption of firms, both at the extensive and the intensive margin. We use a data set of 15 technologies and 166 countries to estimate the intensive and extensive margin of adoption using the structural equations derived from our model. We find that the variability across countries in the intensive margin is higher than in the extensive margin. The cross country variation in intensive margin of adoption accounts for around 40% of the variation in income per capita.

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Previous	nber w16376 On the Economic Consequences of Index-Linked Investing /	nber w16377 Managing Credit Booms and Busts: A Pigouvian Taxation Approach /	nber w16378 Technology Diffusion and Postwar Growth /	nber w16379 An Intensive Exploration of Technology Diffusion /	nber w1638 Hours Restrictions and Labor Supply /	nber w16380 The End of the Great Depression 1939-41: Policy Contributions and Fiscal Multipliers /	nber w16381 How Does Your Kindergarten Classroom Affect Your Earnings? Evidence From Project STAR /	Next

September 2010.

We present a tractable model for the analysis of the relationship between economic growth and the intensive and extensive margins of technology adoption. At the aggregate level, our model is isomorphic to a neoclassical growth model. The microeconomic underpinnings of growth come from technology adoption of firms, both at the extensive and the intensive margin. We use a data set of 15 technologies and 166 countries to estimate the intensive and extensive margin of adoption using the structural equations derived from our model. We find that the variability across countries in the intensive margin is higher than in the extensive margin. The cross country variation in intensive margin of adoption accounts for around 40% of the variation in income per capita.