Capital Goods Imports, Catch-Up and Total Factor Productivity Growth

Autor:	Subaran Roy
Rok vydání:	2009
Předmět:	Specification Physical capital Empirical examination Total factor productivity growth business.industry Economics Capital good International trade Monetary economics business Total factor productivity Backwardness
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
DOI:	10.2139/ssrn.1424710
Popis:	This paper undertakes an empirical examination of the effect of capital goods imports on Total Factor Productivity (TFP) growth. Using a broad sample of 77 countries for the time period 1975 - 1995, the study first provides evidence of positive and significant effect of capital goods imports on TFP growth. In addition, the paper examines for if there are any advantages of technological backwardness associated with capital goods imports. We also find that countries which are technologically backward gain more from capital goods imports. A 10% increase in the share of capital goods imports to GDP is associated with approximately 0.4% increase in TFP growth. The results are robust to inclusion of other relevant variables and consideration of simultaneity bias.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e67078e95152d61a14f233ae811f90af https://doi.org/10.2139/ssrn.1424710 Zobrazit plný text záznamu