Endogenous Convergence and International Technological Diffusion Channels

Josip Tica · Luka Sikic

South East European Journal of Economics and Business, (14), 2, pp. 34--53, https://doi.org/10.2478/jeb-2019-0012

Cilj rada je procijeniti relativnu važnost kanala tehnološke difuzije između novih država članica i jezgrenih zemalja EU-a. Na temelju neoklasične teorije rasta i opsežnog pregleda literature o tehnološkoj difuziji istražuju se kretanja relativne TFP-a u članicama EU-a te se nastoji identificirati relativna važnost kanala tehnološke difuzije koje sugerira teorija: uvoz, izvoz, FDI, R&D, ljudski kapital, formiranje fiksnog kapitala itd. U prvom koraku koristi se Phillips i Sul (2007.) log t test koji ima moć detektirati konvergenciju i u odsutnosti kointegracije među vremenskim serijama. U drugom dijelu koristi se Abrigo i Love (2016.) PVAR model za detekciju kanala tehnološke difuzije. Podaci su uzeti iz Eurostata i PWT repozitorija te pokrivaju razdoblje 1995.–2016. za sve države članice EU-a. Suprotno konvencionalnoj mudrosti, preliminarni rezultati sugeriraju otvorenost trgovine kao važan kanal difuzije TFP-a. Ukupni rezultati ukazuju da je smanjenje produktivnog jaza heterogen problem specifičan za zemlju, ali se u prosjeku može poduprijeti raznim ekonomskim politikama usmjerenim na otvorenost.

@Article{tica_endogenous_2019,
  title = {Endogenous Convergence and International Technological Diffusion Channels},
  language = {en},
  author = {Josip Tica and Luka {\a'L} iki{\"A}NA},
  pages = {34--53},
  file = {Tica and A�ikić - 2019 - Endogenous Convergence and International Technolog.pdf:C\:\\Users\\Lukas\\Zotero\\storage\\N3PGPTB6\\Tica and A�ikić - 2019 - Endogenous Convergence and International Technolog.pdf:application/pdf},
  volume = {14},
  issn = {2233-1999},
  url = {https://content.sciendo.com/view/journals/jeb/14/2/article-p34.xml},
  doi = {10.2478/jeb-2019-0012},
  abstract = {The goal of the paper is to estimate relative importance of channels of technological diffusion between new member states and core EU countries. Based on neoclassical growth theory and extensive literature survey on technological diffusion we explore movements in the relative TFP in EU member states and try to identify relative importance of channels of technological diffusion as suggested by theory: imports, exports, FDI, R\&D, human capital and fixed capital formation, etc. In the first step we employ Phillips and Sul (2007) log t test which has power to detect convergence even in the absence of cointegration between time series. In the second part we employ Abrigo and Love (2016) PVAR model in order to detect channels of diffusion of technology. The data is sampled from Eurostat and PWT repository and covers the period from 1995-2016 for panel analysis and 1950-2014 for TFP convergence analysis. Our results indicate that in the overall sample FDI and R\&D are major drivers of technological change, while, contrary to conventional wisdom, trade openness and human capital are dominant channels for TFP diffusion in periphery countries. The overall results point that productivity gap reduction is a heterogeneous process, country specific problem, but on average in the periphery it can be supported through various economic policies focused on openness and human capital.},
  number = {2},
  urldate = {2020-11-27},
  journal = {South East European Journal of Economics and Business},
  month = {dec},
  year = {2019},
  pubtype = {2},
  date = {2019-01-01},
}