Imperfections in International Technology Flows
Imperfections in International Technology Flows

Summary/Abstract: The question why total factor productivity (TFP) is not equal among countries is a serious problem of the process of globalization. A simple theoretical growth model is developed in order to explain this phenomenon. The model illustrates the differences in TFP using structural characteristics and foreign investors. It also captures the connection between foreign direct investments and international technology flows by using these structural characteristics as a link between the two. This way the developed model can explain paradoxes in international transfers of capital and technologies.

• Details
• Contents