Replication data for: Technological Diversification
Principal Investigator(s): View help for Principal Investigator(s) Miklós Koren; Silvana Tenreyro
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| 20091279_replication | 10/11/2019 06:14:PM | ||
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text/plain | 14.6 KB | 10/11/2019 02:14:PM |
Project Citation:
Koren, Miklós, and Tenreyro, Silvana. Replication data for: Technological Diversification. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112593V1
Project Description
Summary:
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Economies at early stages of development are frequently shaken by
large changes in growth rates, whereas advanced economies tend
to experience relatively stable growth rates. To explain this pattern,
we propose a model of technological diversification. Production
makes use of input-varieties that are subject to imperfectly correlated
shocks. Endogenous variety adoption by firms raises average
productivity and provides diversification benefits against variety-specific shocks. Firm-level and aggregate volatility thus decline as a
by-product of the development process. We quantitatively assess the
model's predictions and find that it can generate patterns of volatility
and development consistent with the data. (JEL D21, D24, E23,
O33, O47)
Scope of Project
JEL Classification:
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D21 Firm Behavior: Theory
D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
E23 Macroeconomics: Production
O33 Technological Change: Choices and Consequences; Diffusion Processes
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
D21 Firm Behavior: Theory
D24 Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
E23 Macroeconomics: Production
O33 Technological Change: Choices and Consequences; Diffusion Processes
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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