Abstract
Controlling for capital accumulation from per capita income growth, this paper shows robust scale effects on total factor productivity growth. The estimated speeds of technology catching up are around 2 percent per year. In addition, the empirical analysis confirms the catching up theory, in which the initial relative backwardness and policy variables conducive to technology adoption are statistically significant.
Original language | English |
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Pages (from-to) | 425-441 |
Number of pages | 17 |
Journal | Journal of Evolutionary Economics |
Volume | 12 |
Issue number | 4 |
DOIs | |
Publication status | Published - 2002 Oct |
Externally published | Yes |
Keywords
- Adoption capacity
- Endogenous growth
- Relative backwardness
- Scale effects
- Technology catching up
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics and Econometrics