Bridging the barriers: knowledge connections, productivity, and capital accumulation
The paper explains the large differences in cross-country productivity performance by modeling and testing the effects of social barriers to communication on productivity and capital accumulation. In an optimal growth model, social barriers to communication that impede the formation of knowledge connections are shown to reduce both transitory and steady-state levels of total factor productivity (TFP), per capita consumption, and reproducible capital. A ‘bridging’ parameter in the growth model...[Show more]
|Collections||ANU Crawford School of Public Policy|
|Source:||Journal of productivity analysis|
|Grafton_Bridging2004.pdf||953.51 kB||Adobe PDF|
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