Technological progress under learning by imitation

No 200514, Working Papers from School of Economics, University College Dublin

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.

Keywords: Technological innovations; Knowledge, Theory of; Diffusion of innovations (search for similar items in EconPapers)
Date: 2005-09
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http://hdl.handle.net/10197/525 First version, 2005 (application/pdf)

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Journal Article: TECHNOLOGICAL PROGRESS UNDER LEARNING BY IMITATION (2009)
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