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International technology adoption, R&D, and productivity growth

Author

Listed:
  • Choi Seung Mo

    (International Monetary Fund, 700 19th Street, N.W., Washington, DC 20431, USA)

  • González Daniel Toro

    (Facultad de Economía y Negocios, Universidad Tecnológica de Bolívar Parque Industrial y Tecnológico Carlos Vélez Pombo, Km 1 Vía Turbaco. Cartagena de Indias, Colombia)

  • Gray Peter

    (School of Economic Sciences, Washington State University, PO Box 646210, Hulbert 101, Pullman, WA 99164-6210, USA)

Abstract

International knowledge diffusion is considered an important source of productivity growth. However, direct observations on such diffusion have not been available at the macro level. We analyze novel data on international technology trade. Our empirical analyses indicate a positive association between payments for international technology adoption and the growth of labor productivity. Those payments appear to be a stronger contributor than research and development (R&D) investments for a large group of economies. For economies with high productivity, technology adoption payments tend to be complementary to R&D investments.

Suggested Citation

  • Choi Seung Mo & González Daniel Toro & Gray Peter, 2013. "International technology adoption, R&D, and productivity growth," The B.E. Journal of Macroeconomics, De Gruyter, vol. 13(1), pages 331-354, June.
    • Handle: RePEc:bpj:bejmac:v:13:y:2013:i:1:p:24:n:1
    DOI: 10.1515/bejm-2012-0035
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    References listed on IDEAS

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    Cited by:

    1. Daniel Toro González, 2015. "[Resena] Saturno devora a su hijo: La reaparición del capitalismo patrimonial," Revista Economía y Región, Universidad Tecnológica de Bolívar, vol. 9(2), pages 221-230, December.
    2. Giuliano Curatola & Michael Donadelli & Patrick Grüning, 2022. "Technology trade with asymmetric tax regimes and heterogeneous labour markets: Implications for macro quantities and asset prices," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 3805-3831, October.

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    More about this item

    Keywords

    R&D; technology adoption; technology trade; JEL codes: O14; O33;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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