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Economic Growth, Technology Trade and R&D

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  • Daniel Toro Gonzalez

Abstract

The present project is oriented to evaluate the performance of technological trade and research and development (R&D) expenditure, as a measure of productivity in explaining economic growth. Using data for OECD countries under a simple neoclassical growth model framework, the role of technology trade and investment in R&D is verified as an approximate measurement of productivity. In this case two thirds of total economic growth can be explained jointly by the introduction of these two variables in to the model specification together with human and capital accumulation.

Suggested Citation

  • Daniel Toro Gonzalez, 2010. "Economic Growth, Technology Trade and R&D," Documentos de Trabajo 7626, Universidad Tecnológica de Bolívar.
    • Handle: RePEc:col:000162:007626
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    File URL: http://ssrn.com/abstract=1695831
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    Keywords

    Cross-country growth; technology trade; research and development;
    All these keywords.

    JEL classification:

    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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