Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/127300
Authors: 
Irmen, Andreas
Year of Publication: 
2008
Series/Report no.: 
Discussion Paper Series, University of Heidelberg, Department of Economics 480
Abstract: 
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.
Subjects: 
Capital Accumulation
Technology Diffusion
Neoclassical GrowthModel
JEL: 
O11
O33
O41
Document Type: 
Working Paper

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