Training, adverse selection and appropriate technology: development and growth in a small open economy
Article Abstract:
The influence of developing countries' human capital levels on the success of technology diffusion is analyzed. The analysis is carried out by endogenizing both appropriate technologies and human capital formation, by refining the human capital accumulation process though the introduction of uncertainty about worker quality and training efficiency, and by allowing for international diffusion of technology as a function of the host country's endogenous ability to absorb technological spillovers. A model of growth that is based on research effort and productivity increases in manufacturing production is presented.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1999
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On exchange rates and economic growth
Article Abstract:
The effects of exchange rates and trade credits on international economic development are analyzed. Exchange rates are associated with two effects in a model which is an extension of P.N. Ireland's model. These effects involve a strong exchange rate linked with how quickly an economy becomes integrated into the world financial system and a real appreciation rate associated with a larger external deficit. Simulations of the model for a world comprising two countries whose growth rate is almost similar to that of the US are also discussed.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1999
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