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Convergence 1 Growth 1 R&D Models 1 Technological Diffusion 1
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Book / Working Paper 1
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Barro, Robert J. 1 Sala-i-Martin, Xavier 1
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C.E.P.R. Discussion Papers 1
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CEPR Discussion Papers 1
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Technological Diffusion, Convergence and Growth
Barro, Robert J.; Sala-i-Martin, Xavier - C.E.P.R. Discussion Papers - 1995
We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model. In the long run the world growth rate is driven by discoveries in those economies that lead in their use of technology. Followers converge towards leaders because...
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