Technology Adoption , Human Capital , and Growth Theory

  title={Technology Adoption , Human Capital , and Growth Theory},
  author={Chris Papageorgiou},
This paper explores a model in which growth is determined by a combination of human capital and technology adoption. At the heart of the model is the notion of \contiguous knowledge" { the idea that knowledge spreads out a certain distance. Because of this property of knowledge, a developing country can adopt existing technology only when it is su±ciently close to the technological frontier. The nature of the model is optimistic in that technology gaps present an opportunity for developing… CONTINUE READING
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