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Engines of growth in the US economy

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  • ten Raa, Thijs
  • Wolff, Edward N.

Abstract

There is good reason to believe that R&D influences on TFP growth in other sectors are indirect.For R&D to spill over, it must first be successful in the home sector.Indeed, observed spillovers conform better to TFP growth than to R&D in the upstream sectors.Sectoral TFP growth rates are thus interrelated.Solving the intersectoral TFP equation resolves overall TFP growth into sources of growth.The solution essentially eliminates the spillovers and amounts to a novel decomposition of TFP growth.The top 10 sectors are designated engines of growt led by computers and office machinery.The results are contrasted to the standard, Domar decomposition of TFP growth.

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Bibliographic Info

Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

Volume (Year): 11 (2000)
Issue (Month): 4 (December)
Pages: 473-489

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Handle: RePEc:eee:streco:v:11:y:2000:i:4:p:473-489

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Web page: http://www.elsevier.com/locate/inca/525148

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References

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  1. Trajtenberg, M. & Bresnahan, T.F., 1992. "General Purpose Technologies: "Engines of Growth"," Papers 16-92, Tel Aviv.
  2. Raa, Thijs ten & Wolff, Edward N., 1991. "Secondary products and the measurement of productivity growth," Regional Science and Urban Economics, Elsevier, vol. 21(4), pages 581-615, December.
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  4. Verspagen, Bart, 1997. "Measuring intersectoral technology spillovers: estimates from the European and US patent office databases," Open Access publications from Maastricht University urn:nbn:nl:ui:27-18044, Maastricht University.
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  7. Los, Bart & Verspagen, Bart, 2000. "R&D spillovers and productivity: Evidence from U.S. manufacturing microdata," Open Access publications from Maastricht University urn:nbn:nl:ui:27-18035, Maastricht University.
  8. Zvi Griliches, 1998. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 17-45 National Bureau of Economic Research, Inc.
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Citations

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Cited by:
  1. Sabourin, David Baldwin, John R. Smith, David, 2003. "Impact of Advanced Technology Use on Firm Performance in the Canadian Food Processing Sector," Economic Analysis (EA) Research Paper Series 2003012e, Statistics Canada, Analytical Studies Branch.
  2. Silva, Ester G. & Teixeira, Aurora A.C., 2008. "Surveying structural change: Seminal contributions and a bibliometric account," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 273-300, December.
  3. Bart Los, 2004. "Identification of strategic industries: A dynamic perspective," Economics of Governance, Springer, vol. 83(4), pages 669-698, October.
  4. Silverberg,Gerald & Verspagen,Bart, 2000. "Breaking the Waves: A Poisson Regression Approach to Schumpeterian Clustering of Basic Innovations," Research Memoranda 026, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology.
  5. Cani�ls, M.C.J. & Verspagen, B., 1999. "The effects of economic integration on regional growth, an evolutionary model," Eindhoven Center for Innovation Studies (ECIS) working paper series 99.13, Eindhoven Center for Innovation Studies (ECIS).
  6. Sabourin, David Baldwin, John R. Smith, David, 2003. "Effet de l'utilisation des technologies de pointe sur le rendement des entreprises du secteur canadien de la transformation des aliments," Serie de documents de recherche sur l'analyse economique (AE) 2003012f, Statistics Canada, Direction des etudes analytiques.
  7. Baldwin, John R. Sabourin, David, 2001. "Impact of the Adoption of Advanced Information and Communication Technologies on Firm Performance in the Canadian Manufacturing Sector," Analytical Studies Branch Research Paper Series 2001174e, Statistics Canada, Analytical Studies Branch.
  8. Meijers,Huub & Hollanders,Hugo, 2003. "Sources of Growth: Measuring the Knowledge Based Economy," Research Memoranda 032, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology.
  9. Bart Verspagen, 2001. "Economic Growth and Technological Change: An Evolutionary Interpretation," OECD Science, Technology and Industry Working Papers 2001/1, OECD Publishing.
  10. Argandoña, Antonio, 2001. "Nueva economía y el crecimiento económico, La," IESE Research Papers D/437, IESE Business School.
  11. David Paton & Leighton Vaughan Williams, 2007. "Broadcasting Productivity Growth in the UK," Occasional Papers 20, Industrial Economics Division.
  12. Stephen Roper & Nola Hewitt-Dundas & James H Love, 2003. "An Ex Ante Evaluation Framework for the Regional Impact of Publicly Supported R&D Projects," ERSA conference papers ersa03p100, European Regional Science Association.
  13. Baldwin, John R. Sabourin, David, 2001. "Impact de l'adoption des technologies de l'information et des communications de pointe sur la performance des entreprises du secteur de la fabrication au Canada," Direction des etudes analytiques : documents de recherche 2001174f, Statistics Canada, Direction des etudes analytiques.
  14. Baldwin, John R. Sabourin, David, 2004. "The Effect of Changing Technology Use on Plant Performance in the Canadian Manufacturing Sector," Economic Analysis (EA) Research Paper Series 2004020e, Statistics Canada, Analytical Studies Branch.

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