Type

Working Paper

Authors

Morgan Kelly

Subjects

Economics

Topics
knowledge theory of probability progress technological innovations imitation learning transmission network diffusion of innovations

Technological progress under learning by imitation (2005)

Abstract We analyse technological progress when knowledge has a large tacit component so that transmission of knowledge takes place through direct personal imitation. It is shown that the rate of technological progress depends on the number of innovators in the same knowledge network. Assuming the diffusionof knowledge to mirror the geographical pattern of trade -the greater the trade between two sites, the greater the probability that technical knowledge flows between them- we show that a gradual expansion of trade causes a sudden rise in the rate of technological progress.
Collections Ireland -> University College Dublin -> Economics Working Papers & Policy Papers
Ireland -> University College Dublin -> School of Economics
Ireland -> University College Dublin -> College of Social Sciences and Law

Full list of authors on original publication

Morgan Kelly

Experts in our system

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Morgan Kelly
University College Dublin
Total Publications: 37