Abstract
This paper investigates the forces driving output change in a panel of eu manufacturing industries. A flexible modeling strategy is adopted that accounts for: (i) inefficient use of resources and (ii) differences in the production technology across industries. With our model we are able to identify technical, efficiency, and input growth for endogenously determined technology clubs. Technology club membership is modeled as a function of r&d intensity. This framework allows us to explore the components of output growth in each club, technology spillovers and catch-up issues across industries and countries.
Original language | English |
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Pages (from-to) | 60-79 |
Journal | European Economic Review |
Volume | 54 |
Issue number | 1 |
DOIs | |
Publication status | Published - Jan 2010 |
Externally published | Yes |
Keywords
- Growth
- Efficiency
- Technology clubs
- R&D
- Stochastic frontier analysis
- Latent class