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Federal Reserve Bank of San Francisco
Working Paper Series
Technology diffusion and postwar growth
Diego Comin
Bart Hobijn
Abstract

In the aftermath of WorldWar II, the world's economies exhibited very different rates of economic recovery. We provide evidence that those countries that caught up the most with the U.S. in the postwar period are those that also saw an acceleration in the speed of adoption of new technologies. This acceleration is correlated with the incidence of U.S. economic aid and technical assistance in the same period. We interpret this as supportive of the interpretation that technology transfers from the U.S. to Western European countries and Japan were an important factor in driving growth in these recipient countries during the postwar decades.


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Diego Comin & Bart Hobijn, Technology diffusion and postwar growth, Federal Reserve Bank of San Francisco, Working Paper Series 2010-16, 2010.
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Keywords: Technology - Economic aspects
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