Abstract
We analyze how technology transfer from a leading economy affects followers' productivity growth in manufacturing sectors and Gross Domestic Product. Allowing for heterogeneous technology levels we explore how this impacts rates of catch-up in labor productivity across manufacturing sectors and GDP for 16 OECD nations. Our results indicate that aggregate studies bias downward the estimated rates of catch-up. These rates of catchup, as well as efficiency levels, also differ across countries. We find that institutional factors such as bureaucratic efficiency are important determinants of the estimated catch-up rates.
Original language | English (US) |
---|---|
Pages (from-to) | 753-768 |
Number of pages | 16 |
Journal | Empirical Economics |
Volume | 29 |
Issue number | 4 |
DOIs | |
State | Published - Dec 2004 |
Keywords
- Convergence and catch-up in best-practice technologies
- International comparisons
- Panel data methods
ASJC Scopus subject areas
- Statistics and Probability
- Mathematics (miscellaneous)
- Social Sciences (miscellaneous)
- Economics and Econometrics