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Technological Catch-up and Scale Effect in OECD Countries: A Bipolarized Growth Convergence

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  • Guironnet Jean-Pascal

    (Université de Montpellier 1, France)

Abstract

One of the main objectives of the growth-accounting is to study the countries' convergence. In this paper, we proposed a new approach, based on Stochastic Production Frontiers (SPF), to appraise the catch-up of OECD countries. The main advantage of our method is to decompose efficiency scores of each country into two components: scale efficiency and pure technical efficiency. By taking country heterogeneity into account, we find in our panel data estimation a technological catch-up in efficiency scores. This latter effect weakly offset the decreasing returns of the factors. Finally, policy implications are derived from our results.

Suggested Citation

  • Guironnet Jean-Pascal, 2009. "Technological Catch-up and Scale Effect in OECD Countries: A Bipolarized Growth Convergence," Working Papers 09-05, Association Française de Cliométrie (AFC).
    • Handle: RePEc:afc:wpaper:09-05
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    More about this item

    Keywords

    Technological Change; Scale Effect; SPF; Growth;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • 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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