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Technologie im neoklassischen Wachstumsmodell: Effekte auf Wachstum und Konvergenz / Technology in the Neoclassical Growth Model: Effects on Growth and Convergence: Empirische Befunde für die Arbeitsmarktregionen der Bundesrepublik Deutschland 1978–1989 / Empirical Results for Labour Market Regions of West Germany 1978–89

Author

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  • Schalk Hans Joachim

    (ifo Institut für Wirtschaftsforschung, Poschingerstr. 5, D-81679 München)

  • Untiedt Gerhard

    (Institut für Ökonometrie und Wirtschaftsstatistik, Westfälische Wilhelms Universität Münster, Am Stadtgraben 9, 48143 Münster)

Abstract

Within the neoclassical model of economic growth the significance of regional different technologies is discussed and the “Two-Percent-Rule”, found in several studies, is tested using data of the manufacturing industry in the “labour market regions” of West Germany. The results show that different technologies have substantial impact on economic growth. Neglecting these differences confirms the “Two-Percent-Rule”, whereas their consideration leads to an increase of the convergence speed up to 12%. This result is compatible with a capital share of 1/3. But regions will converge to the same level of productivity only, if their technologies become identical. On that condition our findings predict a considerable more optimistic process of convergence between East and West Germany than most other studies.

Suggested Citation

  • Schalk Hans Joachim & Untiedt Gerhard, 1996. "Technologie im neoklassischen Wachstumsmodell: Effekte auf Wachstum und Konvergenz / Technology in the Neoclassical Growth Model: Effects on Growth and Convergence: Empirische Befunde für die Arbeitsm," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 215(5), pages 562-585.
    • Handle: RePEc:jns:jbstat:v:215:y:1996:i:5:p:562-585:n:1006
    DOI: 10.1515/jbnst-1996-0506
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