nep-ifn 2017-06-04 papers

on International Finance

Issue of 2017‒06‒04
one paper chosen by
Vimal Balasubramaniam
University of Oxford

Imperfections in International Technology Flows By Ilia Atanasov

Imperfections in International Technology Flows

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
URL:	http://d.repec.org/n?u=RePEc:sko:wpaper:bep-2017-02&r=ifn

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