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Semi-endogenous versus fully endogenous growth theory: A sectoral approach

Author

Listed:
  • Sara Barcenilla-Visús

    (Universidad de Zaragoza)

  • Carmen López-Pueyo

    (Universidad de Zaragoza)

  • Jaime Sanaú-Villarroya

    (Universidad de Zaragoza)

Abstract

This paper analyses the validity of second generation endogenous growth theories for six developed countries and ten manufacturing sectors over the period 1979-2001, applying modern tests and estimation procedures for the treatment of panel data. The basic autonomous innovation-driven model is extended to include international technology transfer and different measures of absorptive capacity. The estimates give great support to semi-endogenous growth theory. Furthermore, Schumpeterian or fully-endogenous growth theory has some support in the high impact of distance to the frontier variable which represents autonomous technology transfer.

Suggested Citation

  • Sara Barcenilla-Visús & Carmen López-Pueyo & Jaime Sanaú-Villarroya, 2014. "Semi-endogenous versus fully endogenous growth theory: A sectoral approach," Journal of Applied Economics, Universidad del CEMA, vol. 17, pages 1-30, May.
    • Handle: RePEc:cem:jaecon:v:17:y:2014:n:1:p:1-30
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    More about this item

    Keywords

    endogenous growth; total factor productivity; technical change; panel data;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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