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Entrepreneurship culture, total factor productivity growth and technical progress: Patterns of convergence towards the technological frontier

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  • Colino, Alberto
  • Benito-Osorio, Diana
  • Rueda-Armengot, Carlos

Abstract

A firm's set of knowledge processes may be affected by the entrepreneurial culture of the country in which it is located. Total factor productivity, mainly associated with technical progress, accounts for most differences over time and across countries. In the present work we examine the determinants of total factor productivity growth in 26 OECD countries between 1965 and 2010, breaking them down into changes in technical efficiency and shifts in technology over time. Using the US as the technology frontier, different patterns of productivity growth emerge between world technology leaders and countries with low initial levels of productivity. Whereas changes in efficiency seem to be the main result of the evolution in the stock of knowledge in technologically dependent economies, suggesting that less advanced economies can benefit from their relative backwardness, domestic research effort appears to be a relevant factor for technology leaders.

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  • Colino, Alberto & Benito-Osorio, Diana & Rueda-Armengot, Carlos, 2014. "Entrepreneurship culture, total factor productivity growth and technical progress: Patterns of convergence towards the technological frontier," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 349-359.
    • Handle: RePEc:eee:tefoso:v:88:y:2014:i:c:p:349-359
    DOI: 10.1016/j.techfore.2013.10.007
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    4. Coulibaly, Salifou K. & Erbao, Cao & Metuge Mekongcho, T., 2018. "Economic globalization, entrepreneurship, and development," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 271-280.
    5. Justina Banioniene & Lina Dagiliene, 2017. "Opportunities to Catch Up Advanced Countries by Investing in Technologies," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(1), pages 111-123.
    6. Aparicio, Sebastian & Urbano, David & Audretsch, David, 2016. "Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 45-61.
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    8. Yafen He & Hualin Xie & Yuanhua Fan & Wei Wang & Xue Xie, 2016. "Forested Land Use Efficiency in China: Spatiotemporal Patterns and Influencing Factors from 1999 to 2010," Sustainability, MDPI, vol. 8(8), pages 1-17, August.

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