Why doesn't technology flow from rich to poor countries?

DOI10.3982/ECTA11150MaRDI QIDQ4613430zbMATH OpenOpenAlexFDO

Authors Harold L. Cole, Jeremy Greenwood, Juan M. Sánchez

Publication date 31 January 2019

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ecta11150

zbMATH Keywords

costly cash-flow controlcostly state verificationdynamic contract theoryeconomic developmentestablishment-size distributionsfinance and developmentfinancial intermediationIndiaMexicomonitoringproductivityretained earningsself-financetechnology adoptionUnited Statesventures

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Corporate finance (dividends, real options, etc.) (91G50)

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Cited in

(6)

• When does a developing country use new technologies?
• Investment and bilateral insurance
• Synergizing ventures
• Contracts, firm dynamics, and aggregate productivity
• FINANCING VENTURES
• Dynamics of high-growth young firms and the role of venture capitalists

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