Date: 2002
Type: Article
Technology and epidemics
IMF staff papers, 2002, Vol. 49, No. 3, pp. 426-455
CHONG, Alberto, ZANFORLIN, Luisa, Technology and epidemics, IMF staff papers, 2002, Vol. 49, No. 3, pp. 426-455
- https://hdl.handle.net/1814/76873
Retrieved from Cadmus, EUI Research Repository
Evidence from historical and epidemiological literatures shows that epidemies tend to spread in the population according to a logistic pattern. We conjecture that the impact of new technologies on output follows a pattern of spread not unlike that of typical epidemies. A ft er reaching a critical mas s. rates of growth will accelerate until the marginal benefits of technology are jully utilized. We estimate spline functions using a GMM dynamic panel methodology for 79 countries. We use imports ofmachinery and equipment as a fraction of gross domestic product as a proxy for the process of technological adoption. Results confirm our hypothesis.
Additional information:
Published: 23 September 2002
Cadmus permanent link: https://hdl.handle.net/1814/76873
Full-text via DOI: 10.5089/9781589061224.024
ISBN: 9781589061224
ISSN: 1020-7635; 1564-5150
Publisher: International Monetary Fund
Earlier different version: https://hdl.handle.net/1814/5116
Version: The article is based on findings of the author’s EUI PhD thesis, 1996
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