Adoption of better technologies is a crucial way for developing countries to close productivity gaps with leading economies. However, the possibility of growing through adoption depends decisively on the country’s absorptive capacity. We build a theoretical model of technology adoption that...

When targeting frontier technologies, less developed economies usually face obstacles to achieve high growth in the long run, because of their low level of knowledge relative to the adoption technology target. If the intensity in which the adoption activity uses knowledge is high, then the less...

This paper examines the relative position of Chile through time and compared with other emerging and industrial economies, using various economic development indicators, particularly over the past two decades. It provides a descriptive analysis, without exploring causalities or testing...

An important condition for convergence is that countries share the same technology for the aggregate production function (Solow, 1956). If countries produce a different mix of products, however, they will have a different aggregate production function. We argue that the inclusion of a fixed...