Technology Differences over Space and Time PDF (Adobe DRM) download by Francesco Caselli

Technology Differences over Space and Time

Princeton University Press
Publication date: November 2016
ISBN: 9781400883608
Digital Book format: PDF (Adobe DRM)

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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.

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Technology Differences over Space and Time PDF (Adobe DRM) download by Francesco Caselli
Princeton University Press, November 2016
ISBN: 9781400883608
EAN:  2370007522361
PDF (Adobe DRM)
List Price: $49.50 eBook price: $46.99
Technology Differences over Space and Time ePub (Adobe DRM) download by Francesco Caselli
Princeton University Press, November 2016
ISBN: 9781400883608
EAN:  9781400883608
ePub (Adobe DRM)
List Price: $49.50 eBook price: $46.99