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Keywords:Technology - Economic aspects 

Working Paper
Transitional dynamics of output and factor income shares: lessons from East Germany

I evaluate the quantitative implications of technology change and government policies for output and factor income shares during East Germany's transition since 1990. I model an economy that gains access to a high productivity technology embodied in new plants. As existing low productivity plants decrease production, the capital income share varies due to variation in the profit share of these plants. Two policies - transfers and government-mandated wage increases - have opposite effects on output growth, but both contribute to reducing the capital share during the transition. The model's ...
Globalization Institute Working Papers , Paper 43

Working Paper
Immigration, skill mix, and the choice of technique

Using detailed plant-level data from the 1988 and 1993 Surveys of Manufacturing Technology, this paper examines the impact of skill mix in U.S. local labor markets on the use and adoption of automation technologies in manufacturing. The level of automation differs widely across U.S. metropolitan areas. In both 1988 and 1993, in markets with a higher relative availability of less skilled labor, comparable plants ? even plants in the same narrow (4-digit SIC) industries ? used systematically less automation. Moreover, between 1988 and 1993 plants in areas experiencing faster less-skilled ...
Working Papers , Paper 05-8

Working Paper
Foreign firms and the diffusion of knowledge

This paper constructs a model to examine the impact of foreign firms on a developing Country?s own accumulation of entrepreneurial knowledge. In the model, entrepreneurial skills are built up on the basis of productive ideas that diffuse internally (at the inside of firms) and externally (spillovers.) Openness to foreign firms enhances the aggregate exposure to ideas but also reduces the returns to investing in entrepreneurial skills. When externalities are present, openness can be welfare reducing. However, regardless of the relative importance of externalities, simple quantitative exercises ...
Working Papers , Paper 2012-055

Working Paper
The transition to a new economy after the Second Industrial Revolution

During the Second Industrial Revolution, 1860?1900, many new technologies, including electricity, were invented. These inventions launched a transition to a new economy, a period of about 70 years of ongoing, rapid technical change. After this revolution began, however, several decades passed before measured productivity growth increased. This delay is paradoxical from the point of view of the standard growth model. Historians hypothesize that this delay was due to the slow diffusion of new technologies among manufacturing plants together with the ongoing learning in plants after the new ...
Working Papers , Paper 606

Journal Article
Old-fashioned tech transfer

Licensing isn?t the only way for industry to tap into university knowledge.
Fedgazette , Volume 20 , Issue May , Pages 6-7

Working Paper
Causality, causality, causality: the view of education inputs and outputs from economics

Educators and policy makers are increasingly intent on using scientifically-based evidence when making decisions about education policy. Thus, education research today must necessarily be focused on identifying the causal relationships between education inputs and student outcomes. In this paper we discuss methodologies for estimating the causal effect of resources on education outcomes; we also review what we believe to be the best evidence from economics on a few important inputs: spending, class size, teacher quality, the length of the school year, and technology. We conclude that while ...
Working Paper Series , Paper WP-05-15

Working Paper
Why doesn’t technology flow from rich to poor countries?

What is the role of a country?s financial system in determining technology adoption? To examine this, a dynamic contract model is embedded into a general equilibrium setting with competitive intermediation. The terms of finance are dictated by an intermediary?s ability to monitor and control a firm?s cash flow, in conjunction with the structure of the technology that the firm adopts. It is not always profitable to finance promising technologies. A quantitative illustration is presented where financial frictions induce entrepreneurs in India and Mexico to adopt less-promising ventures than in ...
Working Papers , Paper 2012-040

Journal Article
Targeting high tech in the Delaware Valley

Business Review , Issue May/Jun , Pages 3-14

Working Paper
Frictionless technology diffusion: the case of tractors

Empirical evidence suggests that there is a long lag between the time a new technology is introduced and the time at which it is widely adopted. The conventional wisdom is that this fact is inconsistent with the predictions of the frictionless neoclassical model. In this paper we study the specific case of the diffusion of the tractor in American agriculture between 1910 and 1960. There are three important driving forces: changes in quality, wage rates and prices of substitutes such as horses and mules. We demonstrate that once these exogenous forces are taken into account, the standard ...
Working Papers , Paper 2013-022

Journal Article
Farm to (global) market: technology spurs innovation in rural areas

TEN , Issue Win , Pages 24-31

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Manfred, Lee E. 5 items

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