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The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.

Barriers to Technology Adoption and Development

Parente, Stephen L., Prescott, Edward C.·1994·Journal of Political Economy

Abstract

We propose a theory of economic development in which technology adoption and barriers to such adoptions are the focus. The size of these barriers differs across countries and time. The larger these barriers, the greater the investment a firm must make to adopt a more advanced technology. The model is calibrated to the U.S. balanced growth observations and the postwar Japanese development miracle. For this calibrated structure we find that the disparity in technology adoption barriers needed to account for the huge observed income disparity across countries is not implausibly large.

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Metadata

Authors
Parente, S. L., & Prescott, E. C.
Venue
Journal of Political Economy
Published
1994-04
Volume
102
Issue
2
Pages
298-321
ISSN
  • 0022-3808 (ISSN-L)
  • 1537-534X
OpenAlex
W1977394168
Cited by
1,182
References
4
FWCI
39.99
Type
journal article
Language
en
Open access
closed

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