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We'd like to understand how you use our websites in order to improve them. Register your interest. 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 the technologically leading economies. Followersconverge toward the leaders because copying is cheaper than innovationover some range. We discuss how countries are selected to be technologicalleaders, and we assess welfare implications.
Poorly defined intellectualproperty rights imply that leaders have insufficient incentiveto invent and followers have excessive incentive to copy. This is a preview of subscription content, log in to check access. Rent this article via DeepDyve. Aghion, P. Google Scholar. Alesina, A. Barro, R. MIT Press. Economic Growth. New York, McGraw Hill. Becker, G. Brezis, E. Krugman, and D. Caballe, J. Cass, D. Chua, H. Regional Spillovers and Economic Growth. Dixit, A. Easterly, W. Grossman, G.
Innovation and Growth in the Global Economy. Koopmans, T. Amsterdam: North Holland. Ohyama, M. Deardorff, J. Levinsohn, and R. Stern, eds. Ann Arbor: University of Michigan Press. Quah, D. Ramsey, F. Rivera-Batiz, L. Romer, P. Solow, R. Spence, M. Swan, T. Download references. Reprints and Permissions. Technological Diffusion, Convergence, and Growth. Journal of Economic Growth 2, 1—26 Download citation. Issue Date : March Search SpringerLink Search. Abstract We construct a model that combines elements of endogenousgrowth with the convergence implications of the neoclassicalgrowth model.
Immediate online access to all issues from Subscription will auto renew annually. References Aghion, P. Barro View author publications. You can also search for this author in PubMed Google Scholar. View author publications. Rights and permissions Reprints and Permissions. About this article Cite this article Barro, R.
Technological Diffusion, Convergence, and Growth
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Economic growth: Robert J. Barro and Xavier Sala-i-Martin, (McGraw-Hill, 1995), 539 pp
By Robert J. Barro and Xavier I. Why do economies grow? What fixes the long-run rate of growth?