Sung Jin Kang () (Institute of Policy and Planning Sciences, University of Tsukuba, 1-1-1 Tennodai, Tsukuba, Ibaraki, 305-8573, Japan)
Abstract
Controlling for capital accumulation from per capita income growth, this paper shows robust scale effects on total factor productivity growth. The estimated speeds of technology catching up are around 2 percent per year. In addition, the empirical analysis confirms the catching up theory, in which the initial relative backwardness and policy variables conducive to technology adoption are statistically significant.
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