Semi-endogenous versus fully endogenous growth theory: A sectoral approach

Sara Barcenilla-Visús, Carmen López-Pueyo and Jaime Sanaú-Villarroya
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Sara Barcenilla-Visús: Universidad de Zaragoza
Carmen López-Pueyo: Universidad de Zaragoza
Jaime Sanaú-Villarroya: Universidad de Zaragoza

Journal of Applied Economics, 2014, vol. 17, 1-30

Abstract: This paper analyses the validity of second generation endogenous growth theories for six developed countries and ten manufacturing sectors over the period 1979-2001, applying modern tests and estimation procedures for the treatment of panel data. The basic autonomous innovation-driven model is extended to include international technology transfer and different measures of absorptive capacity. The estimates give great support to semi-endogenous growth theory. Furthermore, Schumpeterian or fully-endogenous growth theory has some support in the high impact of distance to the frontier variable which represents autonomous technology transfer.

Keywords: endogenous growth; total factor productivity; technical change; panel data (search for similar items in EconPapers)
JEL-codes: C33 F14 F43 O32 O47 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cem:jaecon:v:17:y:2014:n:1:p:1-30

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