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Endogenous Convergence and International Technological Diffusion Channels
South East European Journal of Economics and Business Pub Date : 2019-12-01 , DOI: 10.2478/jeb-2019-0012
Josip Tica 1 , Luka Šikić 2
Affiliation  

Abstract The goal of the paper is to estimate relative importance of channels of technological diffusion between new member states and core EU countries. Based on neoclassical growth theory and extensive literature survey on technological diffusion we explore movements in the relative TFP in EU member states and try to identify relative importance of channels of technological diffusion as suggested by theory: imports, exports, FDI, R&D, human capital and fixed capital formation, etc. In the first step we employ Phillips and Sul (2007) log t test which has power to detect convergence even in the absence of cointegration between time series. In the second part we employ Abrigo and Love (2016) PVAR model in order to detect channels of diffusion of technology. The data is sampled from Eurostat and PWT repository and covers the period from 1995-2016 for panel analysis and 1950-2014 for TFP convergence analysis. Our results indicate that in the overall sample FDI and R&D are major drivers of technological change, while, contrary to conventional wisdom, trade openness and human capital are dominant channels for TFP diffusion in periphery countries. The overall results point that productivity gap reduction is a heterogeneous process, country specific problem, but on average in the periphery it can be supported through various economic policies focused on openness and human capital.

中文翻译:

内源性趋同与国际技术扩散渠道

摘要本文旨在评估新成员国与欧盟核心国家之间技术传播渠道的相对重要性。基于新古典增长理论和有关技术扩散的大量文献调查,我们探索了欧盟成员国相对全要素生产率的变化,并尝试根据理论建议确定技术扩散渠道的相对重要性:进口,出口,FDI,R&D,人力资本和第一步,我们采用Phillips and Sul(2007)log t检验,该检验即使在时间序列之间没有协整的情况下也具有检测收敛的能力。在第二部分中,我们采用Abrigo and Love(2016)PVAR模型来检测技术扩散的渠道。数据是从Eurostat和PWT信息库中取样的,涵盖了1995-2016年的面板分析和1950-2014年的TFP收敛性分析。我们的结果表明,在总体样本中,FDI和R&D是技术变革的主要驱动力,而与传统观点相反,贸易开放和人力资本是TFP在周边国家扩散的主要渠道。总体结果表明,减少生产率差距是一个不同的过程,是一个特定于国家的问题,但在外围地区,平均而言,可以通过针对开放性和人力资本的各种经济政策来支持。贸易开放和人力资本是全要素生产率在周边国家扩散的主要渠道。总体结果表明,减少生产率差距是一个不同的过程,是一个特定于国家的问题,但在外围地区,平均而言,可以通过针对开放性和人力资本的各种经济政策来支持。贸易开放和人力资本是全要素生产率在周边国家扩散的主要渠道。总体结果表明,减少生产率差距是一个不同的过程,是一个特定于国家的问题,但在外围地区,平均而言,可以通过针对开放性和人力资本的各种经济政策来支持。
更新日期:2019-12-01
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