R&D, technological progress and efficiency change in industrial activities

Perelman, Sergio

doi:10.1111/j.1475-4991.1995.tb00124.x

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R&D, technological progress and efficiency change in industrial activities

Perelman, Sergio

1995 • In Review of Income and Wealth, (41), p. 349-366

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https://hdl.handle.net/2268/9128

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10.1111/j.1475-4991.1995.tb00124.x

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Abstract :

[en] The objective of this paper is to estimate total factor productivity growth (TFP) in an international and sectoral setting using two alternative approaches based on the estimation of parametric stochastic frontiers and non-parametric production frontiers (DEA). The TFP is decomposed into two components, technological progress and efficiency change, that can also be interpreted as the results of the innovation and catching-up process, respectively. Finally their relationship is tested with a set of potential explanatory variables that includes R&D expenditures, international competition, and structural characteristics. It appears that the distinction between technological and efficiency performances does matter and must be taken into account in the design of industrial policy.

Research center :

CREPP - Centre de Recherche en Économie Publique et de la Population - ULiège

Disciplines :

Economic systems & public economics

Author, co-author :

Perelman, Sergio ; Université de Liège - ULiège > HEC-Ecole de gestion : UER > Economie publique appliquée

Language :

English

Title :

R&D, technological progress and efficiency change in industrial activities

Publication date :

1995

Journal title :

Review of Income and Wealth

ISSN :

0034-6586

eISSN :

1475-4991

Publisher :

Wiley-Blackwell

Issue :

Pages :

349-366

Peer reviewed :

Peer Reviewed verified by ORBi

Available on ORBi :

since 20 April 2010

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