Technological progress under learning by imitation

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Title: Technological progress under learning by imitation
Authors: Kelly, Morgan
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Date: Sep-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.
Type of material: Working Paper
Publisher: University College Dublin, School of Economics
Copyright (published version): UCD School of Economics
Subject LCSH: Technological innovations
Knowledge, Theory of
Diffusion of innovations
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Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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