Estimating Feedback Effect in Technical Change: A Frontier Approach

Arbeitspapier

This study examines whether today’s technical change depends on yesterday’s technical change. We propose to investigate this feedback effect by using the technical-change component of the Malmquist productivity index. This approach can overcome some problems in alternative patent-citation approaches. We apply the approach by estimating the feedback effect from production data of 25 OECD countries for 1980 through 1997. Our model yields evidence on a positive feedback effect with delays up till eight years. These findings are in line with patent-citation studies and bring us closer to a measure of the social returns to R&D.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 27.2006

Classification and Topics

• Classification: Wirtschaft ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
• Subject: Cross-country comparisons ; Data envelopment analysis (DEA) ; Feedback effect ; Malmquist productivity index ; Technical change ; Two-stage semiparametric estimation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Otto, Vincent M. ; Kuosmanen, Timo ; van Ierland, Ekko C.
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/73996
• Last update: 10.03.2025, 11:41 AM CET