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The relationship between economic growth and democracy : alternative representations of technological change
Heshmati, Almas; Kim, Nam-Seok - 2017
This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980-2014 show that democracy had a robust positive impact on economic …
Persistent link: https://www.econbiz.de/10011704213
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The Relationship between Economic Growth and Democracy : Alternative Representations of Technological Change
Heshmati, Almas - 2017
This study investigates the relationship between economic growth and democracy by estimating a nation's production … shifters model enabled this study to find possible known channels between economic growth and democracy. Empirical results … based on a panel data of 144 countries observed for 1980–2014 show that democracy had a robust positive impact on economic …
Persistent link: https://www.econbiz.de/10012950922
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Technology and productivity: a critique of aggregate indicators
Block, Fred L. - 2022
Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the idea that it is possible to separate out the relative...
Persistent link: https://www.econbiz.de/10012795772
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A general model of technical change with an application to the OECD countries
Heshmati, Almas; Kumbhakar, Subal - 2011
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10009425734
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China's national production function since 1997 : a reinvestigation
Zhu, Yanyuan; Feng, Xiao - 2014
We build China’s national production function based on national accounting data since 1997, when China primarily transformed from the Planned economy to Market. By proxying and measuring stocks of human capital(HC), physical capital and the efficiency units, as well as government expenditure...
Persistent link: https://www.econbiz.de/10010345185
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Estimation of technical change and TFP growth based on observable technology shifters
Heshmati, Almas; Rashidghalam, Masoomeh - 2016
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...
Persistent link: https://www.econbiz.de/10011595871
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Estimation of technical change and TFP growth based on observable technology shifters
Heshmati, Almas; Rashidghalam, Masoomeh - 2017
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...
Persistent link: https://www.econbiz.de/10012098960
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Aggregation versus heterogeneity in cross-country growth empirics
Eberhardt, Markus; Teal, Francis J. - 2011
aggregation and empirical misspecification, relying on both theory and empirical evidence. Using data for a stylised aggregate …
Persistent link: https://www.econbiz.de/10009419804
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Diffusion of technology and convergence of income among countries
Oz, Sumru - 2014 - Preliminary version; April 9, 2014
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
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Estimation of Cross-Country Differences in Industry Production Functions
Harrigan, James - 2007
International trade economists typically assume that there are no cross-country differences in industry total factor productivity (TFP). In contrast, this paper finds large and persistent TFP differences across a group of industrialized countries in the 1980s. The paper calculates TFP indices,...
Persistent link: https://www.econbiz.de/10012732403