Technology Differences Over Space and Time

Language: English

Published by Princeton University Press, 2016

0691146020 / 9780691146027

Series: Book 3 of 4 - CREI Lectures in Macroeconomics

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nach der Bestellung gedruckt Neuware - Printed after ordering - Technology Differences over Space and Time looks at how countries use their productive resources-such as workers, skills, equipment and structures, and natural resources. Francesco Caselli develops methods to assess the efficiency with which productive inputs are used, and how these efficiencies vary across countries and over time.Caselli finds that richer countries use skilled workers relatively more efficiently than unskilled workers, and equipment and structures relatively more efficiently than natural resources. They also are relatively more efficient users of labor than of capital. Technological change tends to make countries particularly efficient at using skills and less efficient at using capital. Technical change also favors experienced workers.In order to interpret and understand these findings, Caselli presents a theory of technology choice. In this theory, firms pick technologies that make the most efficient use of the most abundant production factors when these factors are good substitutes for the less abundant factors. Firms pick technologies that make the most of less abundant factors when other suitable factors are not available for substitution. For example, rich countries, where skilled workers are abundant, use skilled workers efficiently, as these are good substitutes for unskilled workers. This flexible framework can be applied to other pairs of inputs, over time, and across countries.Technology Differences over Space and Time has significant implications not only for the theoretical understanding of development and technological innovation, but also for government formulation of industrial policy and multinationals making decisions about what to invest in and where to make those investments.

Seller Inventory # 9780691146027

Title
Technology Differences Over Space and Time
Author
Francesco Caselli
Publisher
Princeton University Press
Publication year
2016
Condition
Neu
Binding
Buch
Language
English
ISBN 10
0691146020
ISBN 13
9780691146027
Item weight
313 grams
Dimensions
223x146x20 mm
Series
Book 3 of 4: CREI Lectures in Macroeconomics

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