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Total factor productivity, catch-up and technological congruence in Italy, 1861–2010

In: Innovation, Catch-up and Sustainable Development

Author

Listed:
  • Cristiano Antonelli

    (Università di Torino and BRICK, Collegio Carlo Alberto)

  • Christophe Feder

    (Università della Valle d’Aosta)

Abstract

In the catch-up literature, more attention has been paid to the rate rather than the direction of technological change. This paper presents and implements a novel methodology to identify and measure the effects of the direction of technological change in terms of technological congruence and its effects on total factor productivity (TFP). Evolution of the match between technology direction and the idiosyncrasies of its endowments and factor markets is a key factor in country growth. We elaborate its implications for the theory of induced technological change, and apply it to an empirical analysis of Italy’s economic history from 1861 to 2010. The results confirm the important role of the introduction of biased technological change in the assessment of the levels of technological congruence and TFP, and for supporting the long-run convergence of an early-late-comer. N13 N14 O33

Suggested Citation

  • Cristiano Antonelli & Christophe Feder, 2019. "Total factor productivity, catch-up and technological congruence in Italy, 1861–2010," Economic Complexity and Evolution, in: Andreas Pyka & Keun Lee (ed.), Innovation, Catch-up and Sustainable Development, pages 231-257, Springer.
    • Handle: RePEc:spr:eccchp:978-3-030-84931-3_10
    DOI: 10.1007/978-3-030-84931-3_10
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    More about this item

    Keywords

    Total factor productivity; Biased/induced technological change; Output elasticity of input; Italian growth; Congruence/convergence; Catching-up;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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