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
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Project Description
Summary:
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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.
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:
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economic growth;
international trade;
technology diffusion;
productivity dynamics
JEL Classification:
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E00 Macroeconomics and Monetary Economics: General
F43 Economic Growth of Open Economies
O40 Economic Growth and Aggregate Productivity: General
E00 Macroeconomics and Monetary Economics: General
F43 Economic Growth of Open Economies
O40 Economic Growth and Aggregate Productivity: General
Geographic Coverage:
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USA
Data Type(s):
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aggregate data;
census/enumeration data;
program source code
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