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Technological Change and Catch-up and Capital Deepening: Relative Contributions to Growth and Convergence: Comment*

* This paper is a replication of an original study

Author

Listed:
  • Eiji Yamamura

    (Seinan Gaukuin Universtiy, Department of Economics)

  • Inyong Shin

    (Asia Universtiy, Department of Economics)

Abstract

The empirical results through a fixed effects regression model show that the initial level of productivity has a negative effect on the contribution of efficiency to productivity growth, which implies that technological catch-up has done much to cause economic convergence among countries. Further, we found that if we incorporate year dummy variables the relation between the initial level of productivity and the change in capital accumulation is not negative but positive. These results are contrary to the assertion of Kumar and Russell (2002).

Suggested Citation

  • Eiji Yamamura & Inyong Shin, 2007. "Technological Change and Catch-up and Capital Deepening: Relative Contributions to Growth and Convergence: Comment," Economics Bulletin, AccessEcon, vol. 15(3), pages 1-8.
    • Handle: RePEc:ebl:ecbull:eb-07o00003
    as

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    File URL: http://www.accessecon.com/pubs/EB/2007/Volume15/EB-07O00003A.pdf
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    References listed on IDEAS

    as
    1. Ray, Subhash C & Desli, Evangelia, 1997. "Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries: Comment," American Economic Review, American Economic Association, vol. 87(5), pages 1033-1039, December.
    2. Kumbhakar, Subal C. & Wang, Hung-Jen, 2005. "Estimation of growth convergence using a stochastic production frontier approach," Economics Letters, Elsevier, vol. 88(3), pages 300-305, September.
    3. Oulton,Nicholas & O'Mahony,Mary, 1994. "Productivity and Growth," Cambridge Books, Cambridge University Press, number 9780521453455, November.
    4. Daniel J. Henderson & R. Robert Russell, 2005. "Human Capital And Convergence: A Production-Frontier Approach ," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(4), pages 1167-1205, November.
    5. Subodh Kumar & R. Robert Russell, 2002. "Technological Change, Technological Catch-up, and Capital Deepening: Relative Contributions to Growth and Convergence," American Economic Review, American Economic Association, vol. 92(3), pages 527-548, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Eiji Yamamura, 2013. "Institution and decomposition of natural disaster impact on growth," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 40(6), pages 720-738, October.
    2. Eiji Yamamura & Inyong Shin, 2009. "Effects of Income Inequality on Growth through Efficiency Improvement and Capital Accumulation," International Economic Journal, Taylor & Francis Journals, vol. 23(2), pages 237-258.
    3. Eiji Yamamura & Inyong Shin, 2012. "Heterogeneity, Trust, Human Capital and Productivity Growth: Decomposition Analysis," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 55(2), pages 51-77.
    4. Eiji Yamamura & Inyong Shin, 2013. "Decomposition of Ethnic Heterogeneity on Growth," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 55(1), pages 59-75, March.
    5. Yamamura, Eiji, 2011. "Decomposition of the effect of government size on growth," Economics Letters, Elsevier, vol. 112(3), pages 230-232, September.
    6. Kamil Makieła, 2009. "Economic Growth Decomposition. An Empirical Analysis Using Bayesian Frontier Approach," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 1(4), pages 333-369, December.

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    Replication

    This item is a replication of:
  • Subodh Kumar & R. Robert Russell, 2002. "Technological Change, Technological Catch-up, and Capital Deepening: Relative Contributions to Growth and Convergence," American Economic Review, American Economic Association, vol. 92(3), pages 527-548, June.

    • More about this item

    Keywords

    DEAO0;

    JEL classification:

    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

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    This item is featured on the following reading lists, Wikipedia, or ReplicationWiki pages:
    1. Technological Change and Catch-up and Capital Deepening: Relative Contributions to Growth and Convergence: Comment (EB 2007) in ReplicationWiki

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