Technological Progress and Growth in Selected Pacific Countries

Benedetto Molinari, Jesús Rodríguez López () and Jose Torres ()
Additional contact information
Jesús Rodríguez López: Department of Economics, Universidad Pablo de Olavide
Authors registered in the RePEc Author Service: Jesús Rodríguez-López ()

No 12.07, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: This paper assess the sources of technological progress that determined GDP and labor productivity growth across a group of leading Pacific economies - Australia, Japan, South Korea, and the U.S. - during the period 1980-2006. We consider three alternative sources of technological progress: disembodied and factor-embodied technical change to capital and labor. The contribution to growth of each of these sources is evaluated using both traditional and equilibrium growth accounting procedures. We find that capital accumulation is the main determinant of GDP growth in Australia, Japan and the U.S., whereas the main contribution in South Korea is given by Total Factor Productivity (disembodied technology). In all the considered economies, about half of the contribution to growth of capital-embodied technical change comes from Information and Communication Technologies.

Keywords: Output Growth; Labor Productivity Growth; Investment-Specific Technical Change; Neutral Technology; Human Capital Accumulation (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2012-09
New Economics Papers: this item is included in nep-eff and nep-fdg
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.upo.es/serv/bib/wps/econ1207.pdf First version, 2012 (application/pdf)

Related works:
Journal Article: Growth and technological progress in selected Pacific countries (2013)
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:pab:wpaper:12.07

Access Statistics for this paper

More papers in Working Papers from Universidad Pablo de Olavide, Department of Economics Carretera de Utrera km.1, 41013 Sevilla. Contact information at EDIRC.
Bibliographic data for series maintained by Publicación Digital - UPO ().