03902nam 22006015 450 991015164720332120220331164533.0978140088360810.1515/9781400883608(CKB)3710000000906637(MiAaPQ)EBC4756767(StDuBDS)EDZ0001816154(OCoLC)988926354(MdBmJHUP)muse60972(DE-B1597)474658(OCoLC)984687103(DE-B1597)9781400883608(PPN)265129753(FR-PaCSA)88935358(EXLCZ)99371000000090663720190523d2016 fg engurcnu||||||||rdacontentrdamediardacarrierTechnology differences over space and time /Francesco CaselliPrinceton, NJ :Princeton University Press,[2016]©20171 online resource (145 pages) illustrations, graphsCREI Lectures in MacroeconomicsPreviously issued in print: 2016.9780691146027 0691146020 9781400883608 1400883601 Includes bibliographical references and index.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 --IndexTechnology 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.CREI lectures in macroeconomics.Technology transferBUSINESS & ECONOMICS / LaborbisacshTechnology transfer.BUSINESS & ECONOMICS / Labor.338.06QV 020rvkCaselli Francesco125815DE-B1597DE-B1597BOOK9910151647203321Technology differences over space and time2810430UNINA