• Corpus ID: 3874117

Technology Adoption and Growth Dynamics

  title={Technology Adoption and Growth Dynamics},
  author={Diego Comin},
We study the lags with which new technologies are adopted across countries, and their penetration rates once they are adopted. Using data from the last two centuries, we estimate both the extensive and the intensive margins of technology adoption. We document two new facts: there has been convergence in adoption lags between rich and poor countries, while there has been divergence in penetration rates. Using a model of adoption and growth, we show that these changes in the pattern of technology… 
Technology Diffusion and Currency Carry Trades
The paper identifies a unique dimension of currency carry trades that it is related to the intensity of technology transition across countries. Particularly, I show that technology diffusion is a
Essays on empirical asset pricing in the foreign exchange market
This thesis focuses on the dynamics of currency premia. Specifically, we study the time-series and cross-sectional variation of currency carry trade and momentum strategies. In the first chapter,


Cross-Country Technology Adoption: Making the Theories Face the Facts
We examine the diffusion of more than twenty technologies across twenty-three of the world ’s leading industrial economies. Our evidence covers major technology classes such as textile production,
Technological Diffusion, Convergence, and Growth
We construct a model that combines elements of endogenousgrowth with the convergence implications of the neoclassicalgrowth model. In the long run, the world growth rate is drivenby discoveries in
A new approach to measuring technology with an application to the shape of the diffusion curves
This paper documents the sources and measures of the cross-country historical adoption technology (CHAT) data set and finds that, once the intensive margin is measured, technologies do not diffuse in a logistic way.
Endogenous Growth: Lessons for and from Economic History
The paper surveys both the usefulness of endogenous innovation models of growth in economic history and the implications of historical research for new growth theorists. It is suggested that economic
Trade and the Great Divergence: The Family Connection
This research argues that the rapid expansion of international trade in the second phase of the industrial revolution has played a major role in the timing of demographic transitions across countries
Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond
This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In
Economic Growth, 2nd Edition
This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors
The Neoclassical Revival in Growth Economics: Has It Gone Too Far?
In our view there has been a "Neoclassical Revival" in growth economics spurred by the empirical findings of Mankiw, Romer, and Weil (1992), Barro and Sala-i-Martin (1995), and Young (1994 and 1995).
The Relation between Price and Marginal Cost in U.S. Industry: A Contradiction
  • S. Norrbin
  • Economics
    Journal of Political Economy
  • 1993
In a recent article in this Journal, Hall (1988) examined productivity shocks at the industry level, derived from constant returns to scale production functions in which firms were assumed to be
Malthus to Solow
"A unified growth theory is developed that accounts for the roughly constant living standards displayed by world economies prior to 1800 as well as the growing living standards exhibited by modern