论文信息 - Solow vs. Solow: Machine Prices and Development

Solow vs. Solow: Machine Prices and Development

Machines are more expensive in poor countries, and the relation is pronounced. It is hard for a Solow (1956) type of model to explain the relation between machine prices and GDP given that in most countries equipment investment is under 10% of GDP. A stronger relation emerges in a Solow (1959) type of vintage model in which technology is embodied in machines.

Boyan Jovanovic | Rafael Rob | R. Rob | Boyan Jovanovic

[1] R. Barro,et al. Capital Mobility in Neoclassical Models of Growth , 1992 .

[2] Howard Pack. Industrialization and trade , 1988 .

[3] R. Barro,et al. International Comparisons of Educational Attainment , 1993 .

[4] P. Romer,et al. New Goods, Old Theory, and the Welfare Costs of Trade Restrictions , 1993 .

[5] L. Summers,et al. Equipment Investment and Economic Growth , 1990 .

[6] Thomas F. Cooley,et al. The Replacement Problem , 1997 .

[7] Lant Pritchett,et al. Good Policy or Good Luck? Country Growth Performance and Temporary Shocks , 1993 .

[8] Stephen L. Parente. Technology adoption, learning-by-doing, and economic growth , 1994 .

[9] W. Easterly,et al. Policy, Technology Adoption, and Growth , 1994 .

[10] C. I. Jones,et al. Economic growth and the relative price of capital , 1994 .

[11] A. Rodrı́guez-Clare. The role of trade in technology diffusion , 1996 .