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Socially optimal north-south capital transfer and technology diffusion


Hübler, Michael; Lontzek, Thomas S (2012). Socially optimal north-south capital transfer and technology diffusion. Journal of International Trade and Economic Development, 21(6):921-940.

Abstract

We study North–South capital transfer and the diffusion of embodied technologies within a framework of intertemporal global welfare maximization. We show saddle path stability and characterize the steady state. We then examine the transition path by running numerical experiments based on realistic data. As a result, technology diffusion will succeed if the absorptive capacity is sufficient which requires sufficient investment. While a large share of capital is allocated to the South in early periods, this share declines in later periods when the South has caught up in terms of technologies.

Abstract

We study North–South capital transfer and the diffusion of embodied technologies within a framework of intertemporal global welfare maximization. We show saddle path stability and characterize the steady state. We then examine the transition path by running numerical experiments based on realistic data. As a result, technology diffusion will succeed if the absorptive capacity is sufficient which requires sufficient investment. While a large share of capital is allocated to the South in early periods, this share declines in later periods when the South has caught up in terms of technologies.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Date:2012
Deposited On:20 Feb 2012 15:32
Last Modified:05 Apr 2016 15:25
Publisher:Taylor & Francis
ISSN:0963-8199
Publisher DOI:https://doi.org/10.1080/09638199.2010.546869
Other Identification Number:merlin-id:4501

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