Newsletter
The Global Diffusion of Ideas and Its Impact on Productivity and Growth
Abstract: Economic growth often comes hand in hand with the growth of trade. However, according to quantitative models that rely on standard static mechanisms, the gains from trade are fairly small. This article introduces a model to study the diffusion of ideas across countries as a means of increasing productivity and provides a quantitative assessment of the role of trade in the transmission of knowledge.
Keywords: productivity; Diffusion; economic growth;
Access Documents
File(s):
File format is application/pdf
https://chicagofed.org/~/media/publications/chicago-fed-letter/2016/cfl369-pdf.pdf?la=en
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2016
Order Number: 369