Technological Catch-up and Scale Effect in OECD Countries: A Bipolarized Growth Convergence
AbstractOne of the main objectives of the growth-accounting is to study the countries' convergence. In this paper, we proposed a new approach, based on Stochastic Production Frontiers (SPF), to appraise the catch-up of OECD countries. The main advantage of our method is to decompose efficiency scores of each country into two components: scale efficiency and pure technical efficiency. By taking country heterogeneity into account, we find in our panel data estimation a technological catch-up in efficiency scores. This latter effect weakly offset the decreasing returns of the factors. Finally, policy implications are derived from our results.
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Bibliographic InfoPaper provided by Association Française de Cliométrie (AFC) in its series Working Papers with number 09-05.
Length: 19 pages
Date of creation: 2009
Date of revision:
Technological Change; Scale Effect; SPF; Growth;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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