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International technology diffusion through patents during the second half of the XXth century

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  • M. Teresa Sanchis Llopis

    ()
    (Dpto. Análisis Económico)

  • Vicente Esteve Garcia

    ()
    (Universitat de València)

  • Antonio Cubel

    (Universitat de València)

Abstract

This paper analyzes the impact of domestic and foreign technology in explaining Total Factor Productivity (TFP) growth during the second half of the 20th century in some advanced countries (the U.S., France, Germany, the U.K. and Japan). To carry out this objective we use new dataset for the stock of knowledge built on the basis of the Perpetual Inventory Method over patents data for 150 years. To empirically address the aim of this research, we extend Coe and Helpman (1995) empirical specification by including human capital. Our results point out that: first, both domestic and foreign stocks of knowledge are significant in explaining TFP growth; second, the imports of knowledge have a less significant effect than the domestic stock of knowledge for France, Germany and Japan. Further, our results point that human capital plays a superior role in explaining TFP growth in the most advanced countries. En este trabajo se analiza el efecto de la tecnología doméstica y extranjera en la evolución de la Productividad Total de los Factores (PTF) para una muestra de países avanzados (Estados Unidos, Francia, Alemania, Reino Unido y Japón) durante la segunda mitad del siglo XX. Para ello se construye una base de datos en la que se mide la tecnología, tanto doméstica como importada, a través de las patentes acumuladas desde 1850 siguiendo el método del inventario permanente. Empíricamente, se estima una versión ampliada de la especificación de Coe and Helpman (1995) en la que incluye la variable capital humano. Los principales resultados permiten concluir que: primero, que tanto la tecnología doméstica como la importada son significativas en la explicación del crecimiento de la PTF; segundo, que las importaciones de tecnología tienen un efecto menor sobre la PTF que la generación doméstica de tecnología en países como Francia, Alemania y Japón, mientras que en Estados Unidos sólo es significativa la tecnología doméstica. Y por último, los resultados revelan una elevada contribución del capital humano en la explicación de la PTF de los países más avanzados.

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File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-2010-10.pdf
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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 2010-10.

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Length: 40 pages
Date of creation: Jan 2010
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:2010-10

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Keywords: Europa; segunda mitad del siglo XX; transferencia internacional de tecnología; patentes; productividad; técnicas de cointegración Europe; second half XXth century; international technology transfer; patent; productivity; cointegration techniques;

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References

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Citations

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Cited by:
  1. Antonio Cubel & Vicente Esteve & Juan Sanchis & María Teresa Sanchis, 2011. "Innovación y crecimiento de la productividad en España durante la segunda mitad del siglo XX," Working Papers 1118, Department of Applied Economics II, Universidad de Valencia.
  2. Asier Minondo & Francisco Requena Silvente, 2010. "Welfare gains from imported varieties in Spain, 1988-2006," Working Papers. Serie EC 2010-12, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  3. Ángel Pardo Tornero & María Dolores Furió Ortega, 2010. "Politics and elections at the Spanish stock exchange," Working Papers. Serie EC 2010-11, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

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