This paper explores how developmental and regulatory impediments to resource reallocation limit the ability of developing countries to adopt new technologies. An efficient economy innovates quickly; but when the economy is unable to redeploy resources away from inefficient uses, technological adoption becomes sluggish and growth is reduced. The authors build a model of heterogeneous firms and idiosyncratic shocks, where aggregate long-run growth occurs...
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INFORMACIÓN
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2010/08/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS5393
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1
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1
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2010/08/30
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Disclosed
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Why are developing countries so slow in adopting new technologies ? the aggregate and complementary impact of micro distortions
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regulatory freedom