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Technological innovation, implementation and stagnation: convergence clubs in the open world economy
(Centro de Investigación y Docencia Económicas, División de Economía, 2001)
We construct a multi-country Schumpeterian growth model in which technological change can occur either through research and development or through implementation. R&D requires a threshold level of human capital that depends ...
Convergence clubs in cross-country life expectancy dynamics
(Centro de Investigación y Docencia Económicas, División de Economía, 2001)
I model life expectancy in terms of physical and human capital and technology, the fundamental economic variables described by economic growth theories. For concreteness, the Solow model and a convergence club growth model ...