Optimal Technology, Development and the role of Government
This paper highlights the effect of the presence of the goverment and its redistribution policy in the technology adoption decision. As a result it helps explain the differences in skill premium patterns across the North Atlantic between developed economies such as the US and Continental Europe. Tax...
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| Format: | Report |
| Language: | unknown |
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| Online Access: | http://www.virginia.edu/economics/RePEc/vir/virpap/papers/virpap371.pdf |
| Summary: | This paper highlights the effect of the presence of the goverment and its redistribution policy in the technology adoption decision. As a result it helps explain the differences in skill premium patterns across the North Atlantic between developed economies such as the US and Continental Europe. Taxes, skill biased technological change; skill premium; endogenous technology; inequality |
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