Citation

Discussion Paper Details

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Title: Workers, Machines and Economic Growth

Author(s): Joseph Zeira

Publication Date: March 1995

Keyword(s): Convergence, Economic Growth, Income Distribution and Technology Adoption

Programme Area(s): International Macroeconomics

Abstract: This paper models technology adoption as replacing workers by machines, which perform the same job in the production process. The paper shows that such modelling of technology adoption affects significantly the analysis of economic growth. This model can explain large and persistent international differences in output levels and growth rates, caused by small differences in underlying parameters.

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Bibliographic Reference

Zeira, J. 1995. 'Workers, Machines and Economic Growth'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1139