Total factor productivity by imitative behavior

Authors

  • Elvio Accinelli Facultad de Economia, UASLP México
  • Edgar Carrera Facultad de Economía, UASLP México

Keywords:

Processo Judicial, Arbitragem, Análise Econômica do Direito. Custos de Transação, Teoria dos Jogos.

Abstract

Economic welfare is the level of prosperity and quality of living standards in an economy, and it can be measured through a variety of factors such as GDP --total factor productivity-- and other indicators which reflect welfare of the population. We study the determinants of total factor productivity
(TFP) growth and economic development in a model where technological progress is driven by the imitative behavior of economic agents in their decisions of whether to upgrade their human capital and/or the technology.
An imitation function is postulated whereby the social prevalence of a behavior (skill and/or technological upgrading) increases the probability that the sam behavior spreads further in the population. We show that the process of TFP growth and thus of economic growth is self-promoting but poverty traps can arise

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Author Biographies

Elvio Accinelli, Facultad de Economia, UASLP México

Formación en matematica por la Fcultad de Ciencias dela Universidad dela Reública - Uruguay

Dr. en Ciencias por el IMPA

Aresas de interes: Equilibrio General, toeria de juegos, economia matematica

Edgar Carrera, Facultad de Economía, UASLP México

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Published

2012-06-29

Issue

Vol. 11 No. 2 (2011)

Section

Artigos

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