IDEAS home Printed from https://ideas.repec.org/a/taf/recsxx/v14y2011i2p343-361.html
   My bibliography  Save this article

Technological Capital and Technical Progress in the G5 Countries

Author

Listed:
  • Patricio Pérez
  • Marta Bengoa
  • Adolfo C. Fernández

Abstract

We conduct an empirical application based on Coe and Helpman's (1995) seminal work, in order to measure the elasticity of technical progress with respect to R&D capital for the G5 countries between 1971 and 2003. For this purpose, a series for technological capital is built for the 1990–2003 period, and linked with Coe and Helpman's series for the 1971–1990 period. The technical progress of leading countries depends critically on the domestic R&D capital stock, in line with Coe and Helpman's (1995) and Coe, Helpman and Hofmaister's (2009) work. Nevertheless, there are some important differences. The estimations for the elasticity values appear to be higher and show larger differences between countries than in previous studies. Furthermore, the results give evidence in favour of Schumpeterian models, as TFP growth is positively related to the distance to the technological frontier represented by the US.

Suggested Citation

  • Patricio Pérez & Marta Bengoa & Adolfo C. Fernández, 2011. "Technological Capital and Technical Progress in the G5 Countries," Journal of Applied Economics, Taylor & Francis Journals, vol. 14(2), pages 343-361, November.
    • Handle: RePEc:taf:recsxx:v:14:y:2011:i:2:p:343-361
    DOI: 10.1016/S1514-0326(11)60018-4
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1016/S1514-0326(11)60018-4
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1016/S1514-0326(11)60018-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:recsxx:v:14:y:2011:i:2:p:343-361. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/recs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.