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Technological Progress and Growth in Selected Pacific Countries

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Author Info

  • Benedetto Molinari

    ()
    (Department of Economics, Universidad Pablo de Olavide)

  • Jesús Rodríguez López

    ()
    (Department of Economics, Universidad Pablo de Olavide)

  • Jose Luis Torres

    ()
    (Universidad de Málaga)

Abstract

This paper assess the sources of technological progress that determined GDP and labor productivity growth across a group of leading Pacific economies - Australia, Japan, South Korea, and the U.S. - during the period 1980-2006. We consider three alternative sources of technological progress: disembodied and factor-embodied technical change to capital and labor. The contribution to growth of each of these sources is evaluated using both traditional and equilibrium growth accounting procedures. We find that capital accumulation is the main determinant of GDP growth in Australia, Japan and the U.S., whereas the main contribution in South Korea is given by Total Factor Productivity (disembodied technology). In all the considered economies, about half of the contribution to growth of capital-embodied technical change comes from Information and Communication Technologies.

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File URL: http://www.upo.es/serv/bib/wps/econ1207.pdf
File Function: First version, 2012
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Bibliographic Info

Paper provided by Universidad Pablo de Olavide, Department of Economics in its series Working Papers with number 12.07.

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Length: 29 pages
Date of creation: Sep 2012
Date of revision:
Handle: RePEc:pab:wpaper:12.07

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Related research

Keywords: Output Growth; Labor Productivity Growth; Investment-Specific Technical Change; Neutral Technology; Human Capital Accumulation;

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