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Technological Change and Transition: Relative Contributions to Worldwide Growth During the 1990s

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  • Oleg Badunenko
  • Daniel J. Henderson
  • Valentin Zelenyuk

Abstract

In this paper we use the Kumar and Russell ["American Economic Review" (2002) Vol. 92, pp. 527-548] growth-accounting procedure to examine cross-country growth during the 1990s. Using a data set comprising developed, newly industrialized, developing and transitional economies, we decompose the growth of output per worker into components attributable to technological catch-up, technological change and capital accumulation. In contrast to the study by Kumar and Russell, which concludes that capital deepening is the major force of growth and change in the world income per worker distribution over the 1965-90 period, our analysis shows that, during the 1990s, the major force in the further divergence of the rich and the poor is due to technological change, whereas capital accumulation plays a lesser and opposite role. Finally, although on average we find that transitional economies perform similar to the rest of the world, the procedure is able to discover some interesting patterns within the set of transitional countries. Copyright (c) Blackwell Publishing Ltd and the Department of Economics, University of Oxford, 2008.

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Bibliographic Info

Article provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics and Statistics.

Volume (Year): 70 (2008)
Issue (Month): 4 (08)
Pages: 461-492

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Handle: RePEc:bla:obuest:v:70:y:2008:i:4:p:461-492

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Citations

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Cited by:
  1. Anthony J. Glass & Karligash Kenjegalieva & Robin Sickles, 2012. "The Effects of Efficiency and TFP Growth on Nitrogen and Sulphur Emissions in Europe: A Multistage Spatial Analysis," Discussion Paper Series 2012_11, Department of Economics, Loughborough University, revised Oct 2012.
  2. Blanchard, Olivier & Kremer, Michael, 1997. "Disorganization," The Quarterly Journal of Economics, MIT Press, vol. 112(4), pages 1091-1126, November.
  3. Francesco Aiello & Camilla Mastromarco & Angelo Zago, 2008. "Be productive or face decline. On the sources and determinants of output growth in Italian manufacturing firms," Working Papers 46/2008, University of Verona, Department of Economics.
  4. Valentin Zelenyuk & Leopold Simar, 2011. "To Smooth or Not to Smooth? The Case of Discrete Variables in Nonparametric Regressions," CEPA Working Papers Series WP102011, School of Economics, University of Queensland, Australia.
  5. Kerekes, Monika, 2007. "Analyzing patterns of economic growth: a production frontier approach," Discussion Papers 2007/15, Free University Berlin, School of Business & Economics.
  6. Claudia Curi & Paolo Guarda & Valentin Zelenyuk, 2011. "Changes in bank specialisation: comparing foreign subsidiaries and branches in Luxembourg," BCL working papers 67, Central Bank of Luxembourg.

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