nep-ifn New Economics Papers
on International Finance
Issue of 2017‒06‒04
one paper chosen by
Vimal Balasubramaniam
University of Oxford

  1. Imperfections in International Technology Flows By Ilia Atanasov

  1. By: Ilia Atanasov (Sofia University St. Kliment Ohridski, Faculty of Economics and Business Administration)
    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 ows 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.
    Keywords: FDI, growth, TFP, technology waves, Lucas Paradox
    Date: 2017–02

This nep-ifn issue is ©2017 by Vimal Balasubramaniam. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.