Technological progress and scientific indicators: a panel data analysis

Ceyhun Elgin and Selman Çakır

Economics of Innovation and New Technology, 2015, vol. 24, issue 3, 263-281

Abstract: Total factor productivity (TFP) is generally interpreted to be a proxy for technological advancement. In this paper, we use stochastic frontier analysis to decompose the growth in TFP into three components: technological progress, scale effect and change in technical efficiency. Then, we conduct a comprehensive panel data analysis using the technological progress component of the TFP growth and several scientific and technological indicators using data from 160 countries over the period from 1960 to 2009. Our results generally show that the technological progress component of the TFP growth properly reflects certain dimensions of actual scientific and technological progress. However, we also find that this result is somewhat sensitive to different econometric specifications and assumptions.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1080/10438599.2014.938573 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Technological Progress and Scienti?c Indicators: A Panel Data Analysis (2014)
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:taf:ecinnt:v:24:y:2015:i:3:p:263-281

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/GEIN20

DOI: 10.1080/10438599.2014.938573

Access Statistics for this article

Economics of Innovation and New Technology is currently edited by Professor Cristiano Antonelli

More articles in Economics of Innovation and New Technology from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().