%0 Journal Article
%A Santiago M. López
%A Santos Arteaga, Francisco Javier
%A Molero Zayas, José
%T Poverty traps in a frictionless world: The effects of learning and technology assimilation
%D 2011
%@ 0954-349X
%U https://hdl.handle.net/20.500.14352/114015
%X We study an endogenous growth model of technology assimilation through an adaptivelearning process defining the accumulation of technological knowledge among both workers and industrial clusters. The assimilation of new technology and the arrival rate ofinnovations are both based on the distance from the technological frontier to the currenttechnological development level of the country. We illustrate how, even if technologicalinnovations become immediately available to all countries, and absent educational andinstitutional frictions among countries, differences in technological development levelsallow for the existence of poverty traps leading to the economic stagnation of technologicallaggards.
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