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Technology Differences over Space and Time$
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Francesco Caselli

Print publication date: 2016

Print ISBN-13: 9780691146027

Published to Princeton Scholarship Online: January 2018

DOI: 10.23943/princeton/9780691146027.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 24 September 2021

Introduction and Preliminaries

Introduction and Preliminaries

Chapter:
(p.1) 1 Introduction and Preliminaries
Source:
Technology Differences over Space and Time
Author(s):

Francesco Caselli

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691146027.003.0001

This book examines how the mode of production, or production technology, varies systematically across countries, depending on their endowments of different factors of production. Using aggregate production functions as analytical tools, the book shows that technology differences and technical change are factor biased: they change not only the overall efficiency with which a country exploits its bundle of productive inputs, but also the relative efficiency with which different factors contribute to production. It argues that the efficiency with which skilled labor is used relative to unskilled labor is greater in richer countries than in poorer countries. It also explains why the efficiency with which reproducible capital (equipment and structure) is used relative to natural capital (mineral deposits, land, timber, etc.) is higher in rich countries, and the absolute efficiency with which physical capital is used appears to be not lower, and may even be higher, in poor countries.

Keywords:   production technology, aggregate production, technology difference, technical change, factor bias, skilled labor, unskilled labor, reproducible capital, natural capital

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