TY  - BOOK
AU  - Caselli,Francesco
TI  - Technology Differences over Space and Time
T2  - CREI Lectures in Macroeconomics
SN  - 9780691146027
AV  - HC79.I52 C37 2018
U1  - 338.06 23
PY  - 2016///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - Capital productivity
KW  - Effect of technological innovations on
KW  - Industrial productivity
KW  - Labor productivity
KW  - Technology transfer
KW  - BUSINESS & ECONOMICS / Labor
KW  - bisacsh
KW  - aggregate production
KW  - augmentation
KW  - bias
KW  - capital aggregate
KW  - capital goods
KW  - capital
KW  - efficiency
KW  - endogenous technology framework
KW  - experience
KW  - factor bias
KW  - income
KW  - industrial policy
KW  - labor aggregate
KW  - labor input
KW  - labor supply
KW  - labor
KW  - multinationals
KW  - natural capital
KW  - natural resources
KW  - production technology
KW  - production
KW  - productive inputs
KW  - productive resource
KW  - relative marginal products
KW  - relative supply
KW  - relative wage
KW  - reproducible capital
KW  - school quality
KW  - skill bias
KW  - skill premium
KW  - skill
KW  - skilled labor
KW  - skilled workers
KW  - skills supply
KW  - substitution
KW  - technical change
KW  - technological innovation
KW  - technology choice
KW  - technology difference
KW  - technology
KW  - unskilled labor
KW  - unskilled workers
KW  - variable capital shares
KW  - wage rate
N1  - Frontmatter --; Contents --; Preface --; 1. Introduction and Preliminaries --; Part I. Technology Differences Across Space --; Part II. Interpreting Technology Differences --; Part III. Technology Differences over Time --; Appendix A. Proofs and Calculations --; Appendix B. A New Data Set on Mincerian Returns (with Jacopo Ponticelli and Federico Rossi) --; References --; Index; restricted access; Issued also in print
N2  - Technology Differences over Space and Time looks at how countries use their productive resources-such as workers, skills, equipment and structures, and natural resources. Francesco Caselli develops methods to assess the efficiency with which productive inputs are used, and how these efficiencies vary across countries and over time.Caselli finds that richer countries use skilled workers relatively more efficiently than unskilled workers, and equipment and structures relatively more efficiently than natural resources. They also are relatively more efficient users of labor than of capital. Technological change tends to make countries particularly efficient at using skills and less efficient at using capital. Technical change also favors experienced workers.In order to interpret and understand these findings, Caselli presents a theory of technology choice. In this theory, firms pick technologies that make the most efficient use of the most abundant production factors when these factors are good substitutes for the less abundant factors. Firms pick technologies that make the most of less abundant factors when other suitable factors are not available for substitution. For example, rich countries, where skilled workers are abundant, use skilled workers efficiently, as these are good substitutes for unskilled workers. This flexible framework can be applied to other pairs of inputs, over time, and across countries.Technology Differences over Space and Time has significant implications not only for the theoretical understanding of development and technological innovation, but also for government formulation of industrial policy and multinationals making decisions about what to invest in and where to make those investments
UR  - https://doi.org/10.1515/9781400883608?locatt=mode:legacy
UR  - https://www.degruyter.com/isbn/9781400883608
UR  - https://www.degruyter.com/cover/covers/9781400883608.jpg
ER  -