Abstract.
Controlling for capital accumulation from per capita income growth, this paper shows robust scale effects on total factor productivity growth. The estimated speeds of technology catching up are around 2 percent per year. In addition, the empirical analysis confirms the catching up theory, in which the initial relative backwardness and policy variables conducive to technology adoption are statistically significant.
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ID="*" This is a revised part of Ph.D. thesis at Stanford University. I would like to thank the committee members, Charles I. Jones, Anne O. Krueger, and Paul Romer as well as Ronald Findlay, Ronald I. Mckinnon, Yasuyuki Sawada, Robert Sinclair, a referee and seminar participants at Stanford University, the Pacific Rim Allied Economic Organizations Conference, the East Asian Economic Association Conference, and the 8th World Congress.
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Kang, S. Relative backwardness and technology catching up with scale effects. J Evol Econ 12, 425–441 (2002). https://doi.org/10.1007/s00191-002-0123-y
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DOI: https://doi.org/10.1007/s00191-002-0123-y