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Autor:innen: 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Discussion Paper Series No. 480
Verlag: 
University of Heidelberg, Department of Economics, Heidelberg
Zusammenfassung: 
This paper develops a new open-economy endogenous growth model where technology diffusion allows for a stable and non-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the social infrastructure, the degree of openness, the investment rate, population growth, the level of human capital, or growth policies such as subsidies to innovation investments explain a country’s position in the eventual world income distribution. Club convergence in growth rates can be traced back to a country’s openness and to a minimum required level of human capital.
Schlagwörter: 
Capital Accumulation
Technology Diffusion
Neoclassical GrowthModel
JEL: 
O11
O33
O41
Dokumentart: 
Working Paper

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