TECHNOLOGY AND ECONOMIC DEVELOPMENT

2026

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This paper presents a tractable framework for understanding how technology adoption and diffusion drive economic development, highlighting key factors that influence a country's progress.

* Develops a framework for analyzing technology adoption and diffusion in developing economies.
* Examines the role of absorptive capacity, institutional distortions, and credit market frictions in slowing technology adoption.
* Illustrates the framework's comparative statics with cross-country and firm-level data, showing correlations between technology and economic development.

Tags: technology adoption, economic development, innovation, diffusion, absorptive capacity

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