Data and Code for: Equilibrium Technology Diffusion, Trade, and Growth

Principal Investigator(s):  View help for Principal Investigator(s) Jesse Perla, University of British Columbia; Christopher Tonetti, Stanford University, Graduate School of Business; Michael E. Waugh, New York University, Stern School of Business

Version:  View help for Version V1

Name File Type Size Last Modified
  PTW_GrowthTrade_Public 08/31/2020 06:54:PM

Project Citation: 

Perla, Jesse, Tonetti, Christopher, and Waugh, Michael E. Data and Code for: Equilibrium Technology Diffusion, Trade, and Growth . Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-12-17. https://doi.org/10.3886/E119393V1

Project Description

Summary:  View help for Summary This repository contains the code and instructions needed to replicate all the results (figures and tables) in the Perla, Tonetti, and Waugh paper  "Equilibrium Technology Diffusion, Trade, and Growth."

Abstract: We study how opening to trade affects economic growth in a model where heterogeneous firms can adopt new technologies already in use by other firms in their home country. We characterize the growth rate using a summary statistic of the profit distribution---the mean-min ratio. Opening to trade increases the profit spread through increased export opportunities and foreign competition, induces more rapid technology adoption, and generates faster growth. Quantitatively, these forces produce large welfare gains from trade by increasing an inefficiently low rate of technology adoption and economic growth.



Scope of Project

Subject Terms:  View help for Subject Terms economic growth; international trade; technology diffusion; productivity dynamics
JEL Classification:  View help for JEL Classification
      E00 Macroeconomics and Monetary Economics: General
      F43 Economic Growth of Open Economies
      O40 Economic Growth and Aggregate Productivity: General
Geographic Coverage:  View help for Geographic Coverage USA
Time Period(s):  View help for Time Period(s) 1977 – 2000
Data Type(s):  View help for Data Type(s) aggregate data; census/enumeration data; program source code


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V1 [2020-12-17]

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