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Structural Change And The Growth Of Industrial Sectors: Empirical Test Of A Gpt Model

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  • Fulvio Castellacci

Abstract

This paper investigates the empirical relevance of a model of structural change and the growth of industrial sectors. The model analyzes the process of diffusion of general-purpose technologies (GPTs) and how this affects the dynamic performance of manufacturing and service industries. The empirical analysis studies the dynamics and the determinants of labor productivity growth for a large number of sectors in 18 OECD countries over the period 1970-2005. The results of dynamic panel data and cross-sectional analysis provide support for the empirical validity of the model. Industries that are close to the core of ICT-related GPTs are characterized by greater innovative capabilities and have recently experienced a more dynamic performance. Relatedly, countries that have been able to shift their industrial structure toward these high-opportunity manufacturing and service industries have grown more rapidly. Copyright 2010 The Author. Review of Income and Wealth 2010 International Association for Research in Income and Wealth.

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Bibliographic Info

Article provided by International Association for Research in Income and Wealth in its journal Review of Income and Wealth.

Volume (Year): 56 (2010)
Issue (Month): 3 (09)
Pages: 449-482

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Handle: RePEc:bla:revinw:v:56:y:2010:i:3:p:449-482

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  1. Marcel P. Timmer & Mary O’Mahony & Bart van Ark, 2007. "EU KLEMS Growth and Productivity Accounts: An Overview," International Productivity Monitor, Centre for the Study of Living Standards, vol. 14, pages 71-85, Spring.
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Cited by:
  1. Castellacci, Fulvio, 2010. "Firm heterogeneity, international cooperations and export participation," MPRA Paper 27585, University Library of Munich, Germany.
  2. Köhler, Christian & Sofka, Wolfgang & Grimpe, Christoph, 2012. "Selective search, sectoral patterns, and the impact on product innovation performance," Research Policy, Elsevier, vol. 41(8), pages 1344-1356.
  3. Дементьев В.Е., 2013. "Структурные Факторы Технологического Развития," Журнал Экономика и математические методы (ЭММ), Центральный Экономико-Математический Институт (ЦЭМИ), vol. 49(4), pages 33-46, октяÐ.

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