10_3_Notes - Econ 4730 F2008 (10/3/2008) Having discussed...

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Econ 4730 F2008 (10/3/2008) Having discussed the views of Stokey, Young, and Krugeman who question the benefit of trade on growth, one maynow mention some other papers question the benefit of trade, and four papers of Wofgang Kellor should be reviewed. I. The following are the sources and abstracts of these four. (1) Convergence and Polarization in Global Income Levels: A Review of Recent Results on the Role of International Technology Diffusion Research Policy v32, n6 (June 2003): 1055-79 Guan Gong; Wolfgang Keller Abstract: We review the recent literature on technological change and diffusion to shed new light on the evolution of the world's cross-country income distribution. Technology is viewed as non-rival knowledge in the sense that firms in more than one country can simultaneously use it. R&D investments generate often also a return outside the innovating firm itself; these knowledge externalities are called technology spillovers. We emphasize that technology is to some extent tacit, and technology diffusion often involves the face-to-face interaction of people. Our paper reviews the evidence on whether international trade, foreign direct investment, and other cross-border activities are important for technology diffusion. (2) Trade and the Transmission of Technology
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10_3_Notes - Econ 4730 F2008 (10/3/2008) Having discussed...

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