Technology Change in LMIC

Week 7 tutorial questions.

Question 1

Use the following diagram to address the following questions:

(i) Suppose that all these countries produce by means of an aggregate Constant Economies of Scale technology, where the share of capital is 0.4 and the share of labour is 0.6. Suppose that labour input has increased by 2% annually in East Asia and the Pacific, while the annual growth rate of capital is 1%. What has been the annual growth rate of output in this world region?
(ii) Why is growth in TFP so different in these countries? Discuss the role of income.

Question 2
(i) Explain how to measure technological achievements in LMIC.
(ii) What are the trends of technology innovation in LMIC? Is the gap narrowing or widening? Explain by referring to the following diagram

Question 3
Older technologies have become widely diffused in many countries, but large disparities remain. Consider one type of technology as a case study and illustrate this trends and facts.

Question 4
(i) Explain what the external channels of technology transmission are
(ii) Use diagram and tables to illustrate the evidence supporting the role of FDI for development.

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