Discussion Paper Details
Please find the details for DP9466 in an easy to copy and paste format below:
Title: If Technology Has Arrived Everywhere, Why Has Income Diverged?
Author(s): Diego Comin and Martí Mestieri
Publication Date: May 2013
Keyword(s): great divergence, technology diffusion and transitional dynamics
Programme Area(s): Development Economics, Economic History and International Macroeconomics
Abstract: We study the lags with which new technologies are adopted across countries, and their long-run penetration rates once they are adopted. Using data from the last two centuries, we document two new facts: there has been convergence in adoption lags between rich and poor countries, while there has been divergence in penetration rates. Using a model of adoption and growth, we show that these changes in the pattern of technology diffusion account for 80% of the Great Income Divergence between rich and poor countries since 1820.
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Comin, D and Mestieri, M. 2013. 'If Technology Has Arrived Everywhere, Why Has Income Diverged?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=9466