Absorptive Capacity and Innovative Capability: An Approach to Estimation

Victor Polterovich and Alexander Tonis
Authors registered in the RePEc Author Service: Виктор Меерович Полтерович

MPRA Paper from University Library of Munich, Germany

Abstract: The concepts of absorptive capacity and innovative capability have been introduced to describe abilities of a country to imitate and, accordingly, to create more advanced technologies. In this paper we suggest new indicators of these two abilities. To calculate them, we develop an endogenous growth model and an estimation procedure that combines both calibration and econometric approaches. The choice of parameters is based on WDI, ICRG and Barro–Lee statistical data for the period of 1981-2005. As a result, the model generates trajectories of 63 countries and, for most of them, gives qualitatively correct pictures of their evolution dependently on their initial states as well as on their absorptive capacity and innovative capability indicators. In particular, club convergence is demonstrated. The calculations affirm our hypotheses about shapes of absorptive capacity and innovative capability dependence on the relative productivity level, human capital, institutional quality and some other factors.

Keywords: imitation; innovation; catching-up development; foreign direct investment; human capital; equilibrium; evolution of countries distribution (search for similar items in EconPapers)
JEL-codes: O33 O41 O43 O57 (search for similar items in EconPapers)
Date: 2014-06-25
New Economics Papers: this item is included in nep-cse and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/56855/1/MPRA_paper_56855.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:56855

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().