Semi-Endogenous Versus Fully Endogenous Growth Theory: A Sectoral Approach

Barcenilla‐Visús, Sara; López‐Pueyo, Carmen; Villarroya, Jaime Sanaú

doi:10.1016/s1514-0326(14)60001-5

Cited by 13 publications

(15 citation statements)

References 35 publications

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“…Reassuringly, this confirms the findings of Barcenilla‐Visús et al . () on the Panel 3 data, which employed dynamic ordinary least squares estimation. The implication is thus that the semi‐endogenous growth condition that the response of R&D to the state of knowledge be less than proportional, is met.…”

Section: Estimation Resultsmentioning

confidence: 99%

“…On the other hand, Barcenilla‐Visús et al . () report that panel data evidence from a panel of 10 manufacturing sectors across six OECD countries is consistent with semi‐endogenous productivity growth.…”

Section: Introductionmentioning

confidence: 87%

“…The third dataset is given by the Barcenilla‐Visús et al . () panel data for 6 OECD countries, and 10 manufacturing sectors from the STAN database from 1979 to 2001 . The countries and sectors are listed in Table .…”

Section: Datamentioning

confidence: 99%

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Schumpeterian and semi‐endogenous productivity growth explanations

Fedderke

Liu

2016

Econ Transit

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This paper examines the nature and sources of productivity growth in South African manufacturing sectors, from an international comparative perspective. On panel data estimations, we find that the evidence tends to support Schumpeterian explanations of productivity growth for a panel of countries including both developed and developing countries, and a panel of South African manufacturing sectors. By contrast, semi‐endogenous productivity growth is supported for a panel of OECD (Organisation for Economic Cooperation and Development) manufacturing sectors. However, we also report evidence that suggests that sectors are not homogeneous. For this reason, time series evidence may be more reliable than panel data. Time series evidence for South Africa suggests that prospects for the sustained productivity growth associated with Schumpeterian innovation processes, is restricted to a narrow set of sectors. For the OECD manufacturing sectors, both semi‐endogenous and Schumpeterian growth finds support. Schumpeterian growth is present for a larger number of sectors than for South Africa, and is most prevalent in the North American economies.

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Section: Estimation Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 87%

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Schumpeterian and semi‐endogenous productivity growth explanations

Fedderke

Liu

2016

Econ Transit

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“…Barcenilla‐Visús et al . () find support for semi‐endogenous growth but emphasize the role of R&D support for its transitional effects. Furthermore, they find partial support for Schumpeterian models to play a role in technology transfer.…”

Section: Empirical Supportmentioning

confidence: 92%

The Decades‐long Dispute Over Scale Effects in the Theory of Economic Growth

Bond‐Smith

2019

Journal of Economic Surveys

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The so‐called “new growth theory” is characterized by the now Nobel Prize winning insight that ideas are a nonrival input to and output from endogenous investment in innovation. Nonrivalry implies increasing returns to scale, but this also unintentionally creates an empirically disputed scale effect that a growing population implies an ever‐increasing growth rate. Empirical evidence supports fully‐endogenous growth without scale effects, but theoretical issues sustain the decades‐long dispute over exactly how to negate the scale effect. This article surveys theoretical approaches to resolving the scale effect and shows how four generations of endogenous growth theory are defined by the maturing of modeling techniques for constraining increasing returns. The synthesis suggests that the dispute over scale effects is really a narrative about how the powerful application of increasing returns has followed a standard theoretical development pattern. This implies that a fourth generation is now emerging that negates the scale effect while retaining fully‐endogenous growth without relying on assumptions of linearity. Instead, the market response to excessive increasing returns to innovation constrains explosive growth by expanding the market, rather than by a linear assumption. This latest class of endogenous growth models may be the final chapter to resolving the long‐running dispute.

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“…The first of these is the counter-intuitive and frequently obtained result of the non-significant or positive influence of anticompetitive regulation variables on productivity growth, as is the case in some specific versions of the models of Aghion et al (2009, Nicoletti and Scarpetta (2003), Inklaar et al (2008) or Buccirossi et al (2009). The second puzzle refers to the non-significant or negative influence of research intensity on productivity growth that is obtained in some specifications such as in the work of Saxena et al (2008), Ulku (2007b), Islam (2009), Madsen (2008 or Barcenilla et al (2011).…”

Section: Comparison With Previous Studiesmentioning

confidence: 97%

Technical Change, Efficiency Change and Institutions: Empirical Evidence for a Sample of OECD Countries

et al. 2013

Self Cite

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This study measures the total factor productivity (TFP) of 15 OECD countries in the period 1989–2004 and disaggregates it into its two components: technical change and efficiency change. Subsequently, two theoretical models are estimated to evaluate the effects that technology and institutions have on technical change and on efficiency change. The results show that technology, proxied by domestic R&D stocks or by patents, stimulated the variation in technical change and in efficiency change. In contrast, the reduction of entry barriers and of the relative weight of publicly owned companies, or deregulation in the telecommunications sector, drove technical change but, at the same time, slowed efficiency change.

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Semi-Endogenous Versus Fully Endogenous Growth Theory: A Sectoral Approach

Cited by 13 publications

References 35 publications

Schumpeterian and semi‐endogenous productivity growth explanations

Schumpeterian and semi‐endogenous productivity growth explanations

The Decades‐long Dispute Over Scale Effects in the Theory of Economic Growth

Technical Change, Efficiency Change and Institutions: Empirical Evidence for a Sample of OECD Countries

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