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Innovations, technological specialisation and economic growth in the EU

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  • Andre Jungmittag

Abstract

The paper analyses the effects of innovations, technological specialisation and technology diffusion on economic growth and convergence of the EU countries from 1969 to 1998. The empirical analysis is based on a panel data model, which enables us to assess the impacts of these three factors as well as of the usual production factors on long-term economic growth, and to calculate their partial contributions to β- and σ-convergence of labour productivities within the EU. The results show that besides capital accumulation, transferable technical knowledge is a driving force of growth for catching-up EU countries, while it is the level of Ricardian technological specialisation for advanced EU countries. Copyright Springer-Verlag Berlin Heidelberg 2004
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Suggested Citation

  • Andre Jungmittag, 2004. "Innovations, technological specialisation and economic growth in the EU," European Economy - Economic Papers 2008 - 2015 199, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
  • Handle: RePEc:euf:ecopap:0199
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    References listed on IDEAS

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    Cited by:

    1. Ana Urraca-Ruiz & Nuria Esther Laguna-Molina, 2016. "Dynamic technological specialization, aggregated convergence and growth," International Economics and Economic Policy, Springer, vol. 13(2), pages 195-221, April.
    2. Anne MARGARIAN, 2013. "The Relation Between Industrial And Socio-Economic Fundametals In German Districts," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 59-74, December.
    3. Andre Jungmittag, 2007. "Innovationen, Beschäftigungsstruktur und Wachstum der totalen Faktorproduktivität," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 27(2), pages 143-170, August.
    4. Paul J.J. Welfens, 2005. "A Quasi-Cobb Douglas Production Function with Sectoral Progress: Theory and Application to the New Economy," EIIW Discussion paper disbei132, Universitätsbibliothek Wuppertal, University Library.
    5. Chen, Jong-Rong & Chu, Yun-Peng & Ou, Yi-Pey & Yang, Chih-Hai, 2015. "R&D specialization and manufacturing productivity growth: A cross-country study," Japan and the World Economy, Elsevier, vol. 34, pages 33-43.
    6. Urraca-Ruiz, Ana, 2013. "The ‘technological’ dimension of structural change under market integration," Structural Change and Economic Dynamics, Elsevier, vol. 27(C), pages 1-18.
    7. Paul J.J. Welfens, 2017. "Techno-Globalisierung, Leitmärkte und Strukturwandel in wirtschaftspolitischer Sicht," EIIW Discussion paper disbei236, Universitätsbibliothek Wuppertal, University Library.
    8. Grafström, Jonas & Lindman, Åsa, 2017. "Invention, innovation and diffusion in the European wind power sector," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 179-191.
    9. Grafström, Jonas & Jaunky, Vishal, 2017. "Convergence of Incentive Capabilities within the European Union," Ratio Working Papers 301, The Ratio Institute.
    10. Paul J.J. Welfens, 2016. "Schumpeterian Macroeconomic Production Function for Open Economies: A New Endogenous Knowledge and Output Analysis," EIIW Discussion paper disbei211, Universitätsbibliothek Wuppertal, University Library.
    11. Paul J.J. Welfens, 2015. "Transatlantisches Freihandelsabkommen EU-USA: Befunde zu den TTIP-Vorteilen und Anmerkungen zur TTIP-Debatte," EIIW Discussion paper disbei209, Universitätsbibliothek Wuppertal, University Library.
    12. Paul J.J. Welfens, 2004. "EU Innovation Policy: Analysis and Critique," EIIW Discussion paper disbei120, Universitätsbibliothek Wuppertal, University Library.
    13. repec:spr:scient:v:112:y:2017:i:2:d:10.1007_s11192-017-2378-y is not listed on IDEAS
    14. Götz Marta, 2010. "Poland in the Period of Economic Transition and Germany After Reunification an Attempt at Assessing Σ-Convergence," European Spatial Research and Policy, De Gruyter Open, vol. 17(2), pages 71-94, October.
    15. Welfens, Paul J. J., 2016. "Integrated Macroeconomic Production Function for Open Economies: A New Schumpeterian Solow Model for Globalization," IZA Discussion Papers 9724, Institute for the Study of Labor (IZA).
    16. Mika Maliranta, 2005. "R&D, International Trade and Creative Destruction—Empirical Findings from Finnish Manufacturing Industries," Journal of Industry, Competition and Trade, Springer, vol. 5(1), pages 27-58, January.
    17. Ana Urraca Ruiz & C. Frederico Rocha, 2011. "On the relations between technological opportunity, specialization and growth," Working Papers 13-2011, Universidade de São Paulo, Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto.

    More about this item

    Keywords

    economic growth; economic convergence; technological specialisation; techonolgy diffusion; ricardian technological specialisation; Jungmittag;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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