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Estimating Feedback Effect in Technical Change: A Frontier Approach

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Author Info
Vincent M. Otto (Massachusetts Institute of Technology)
Timo Kuosmanen (Agrifood Research Finland)
Ekko C. van Ierland (Environmental Economics and Natural Resources University)

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Abstract

This study examines whether today’s technical change depends on yesterday’s technical change. We propose to investigate this feedback effect by using the technical-change component of the Malmquist productivity index. This approach can overcome some problems in alternative patent-citation approaches. We apply the approach by estimating the feedback effect from production data of 25 OECD countries for 1980 through 1997. Our model yields evidence on a positive feedback effect with delays up till eight years. These findings are in line with patent-citation studies and bring us closer to a measure of the social returns to R&D.

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Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2006.27.

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Date of creation: Feb 2006
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Handle: RePEc:fem:femwpa:2006.27

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Related research
Keywords: Cross-country comparisons; Data envelopment analysis (DEA); Feedback effect; Malmquist productivity index; Technical change; Two-stage semiparametric estimation;

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Find related papers by JEL classification:
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity

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  14. Zvi Griliches, 1979. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 92-116, Spring. [Downloadable!] (restricted)
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