Working Paper 11-08 - Les déterminants de l’innovation dans une petite économie ouverte : le cas de la Belgique
[Working Paper 11-08 - Determinants of innovation in a small open economy: the case of Belgium]
Using dynamic panel data on 20 Belgian market sectors over 1987-2005, the paper analyses the link between Multifactor Productivity (MFP) growth and three frequently cited determinants: business R&D, labour skills and ICT use. The theoretical framework of the analysis is given by the Aghion-Howitt model which explains the rate of MFP growth by the distance to the world technology frontier.
|Date of creation:||29 Jun 2008|
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