A multi-sector growth model with technology diffusion and networks

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Title: A multi-sector growth model with technology diffusion and networks
Authors: Ferreira Magalhaes, Manuela | Afonso, Óscar
Research Group/s: Desarrollo, Métodos Cuantitativos y Teoría Económica (DMCTE)
Center, Department or Service: Universidad de Alicante. Departamento de Fundamentos del Análisis Económico
Keywords: Income differences | Production network | Technology diffusion
Knowledge Area: Fundamentos del Análisis Económico
Issue Date: Sep-2017
Publisher: Elsevier
Citation: Research Policy. 2017, 46(7): 1340-1359. doi:10.1016/j.respol.2017.05.004
Abstract: This paper adds the standard input–output linkages into a multi-sector endogenous growth model to study the interaction effects between linkages and technology adoption for aggregate productivity and for income per capita. We show that the greater the intensity with which a good is used as input by other sectors, the smaller are the technology adoption lags and the greater is the technology adoption intensity, and thus the greater are the increases of the Total Factor Productivity and of economic growth. Therefore, distinct input–output relationships between sectors explain inter-country income differences. By using OECD data, we then estimate the model for nine developed countries and ten technologies, and confirm our theoretical findings.
Sponsor: Financial support from Spanish Ministerio de Economía y Competitividad and Fondo Europeo de Desarrollo Regional through the grants ECO2013-43119-P, ECO2015-70540-P and ECO2016-77200-P (MINECO/FEDER) is gratefully acknowledged.
URI: http://hdl.handle.net/10045/68229
ISSN: 0048-7333 (Print) | 1873-7625 (Online)
DOI: 10.1016/j.respol.2017.05.004
Language: eng
Type: info:eu-repo/semantics/article
Rights: © 2017 Elsevier B.V.
Peer Review: si
Publisher version: http://dx.doi.org/10.1016/j.respol.2017.05.004
Appears in Collections:INV - DMCTE - Artículos de Revistas

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