New product technology, accumulation, and growth /
Khan, Faruk A.
New product technology, accumulation, and growth / Faruk A. Khan. - Washington, D. C : World Bank, 2006. - 42p : ill. ; 27 cm. - Policy research working papers ; no. 3846 .
Also available online. "This paper asks whether new technological capacity for producing and exporting additional products provides incentives for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth. Using a highly disaggregated data set of each Country's trade flows into the United States, the author constructs a direct and independent measure of technological improvements for each country over time based on the number of new product varieties exported to the United States. The author shows, in a panel data setting, that acquiring the technological capacity for producing new products stimulates more rapid capital accumulation in developing Countries, even after holding fixed the rate of TFP growth. His findings provide evidence against the alternative view that technological improvements are essentially unimportant: a view based on the f
Includes bibliographical references.
Open access.
New products--Developing Countries.
Technological innovations--Economic aspects--Developing Countries.
Exports--Developing countries.
Exports--United States.
New product technology, accumulation, and growth / Faruk A. Khan. - Washington, D. C : World Bank, 2006. - 42p : ill. ; 27 cm. - Policy research working papers ; no. 3846 .
Also available online. "This paper asks whether new technological capacity for producing and exporting additional products provides incentives for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth. Using a highly disaggregated data set of each Country's trade flows into the United States, the author constructs a direct and independent measure of technological improvements for each country over time based on the number of new product varieties exported to the United States. The author shows, in a panel data setting, that acquiring the technological capacity for producing new products stimulates more rapid capital accumulation in developing Countries, even after holding fixed the rate of TFP growth. His findings provide evidence against the alternative view that technological improvements are essentially unimportant: a view based on the f
Includes bibliographical references.
Open access.
New products--Developing Countries.
Technological innovations--Economic aspects--Developing Countries.
Exports--Developing countries.
Exports--United States.