Innovative activity is highly concentrated in a handful of advanced countries. These same countries are also the major exporters of capital goods to the rest of the world. We develop a model of trsde in capital goods to assess its role spreading the benefits of technological advances.

This paper analyses the impact of cost competitiveness and technology on export performance using a very rich panel datset of 12 manufacturing industries in 14 OECD countries for the period between 1970 and 1992.

Even in industrial countries, the impact of information technology has not been as deep or pervasive as the debate about the benefits of the global information society sometimes makes it appear. The literature review on the US experience shows that there is neither a 'productivity paradox' nor a...

Many technologies used by the LDCs (less developed countries) are developed in the OECD economies, and as such, are designed to make optimal use of the skills of these richer countries' workforces. Due to differences in the supply of skills, some of the tasks performed by skilled workers in the...

The present paper develops a mechanism of technological transformation essentially built on two premises, namely, that most technologies needed for today's poor economies to get out of backwardness are already available in advanced industrialized economies, and that there is a circularity...

This paper relates two canonical issues in macroeconomics: the effect of technological progress on the real exchange rate and the effect of technological progress on the natural rate of unemployment. In the context of a Ricardian model with traded and nontraded goods, I show that technological...

Much of the vast literature on changes in income distribution in advanced countries during the last two decades attributes these either to globalization, or to skill-biased technology, or to a combination of the two. A transatlantic concensus has emerged to suggest that thes two factors have led...

Can the increasing signicance of knowledge-products in national income- the growing weightless economy-infuence economic development? Those technologies reduce "distance" between consumers and knowledge production This paper analyzes a model embodying such a reduction. The model shows how...