TY  - BOOK
AU  - Khan,Faruk A.
ED  - World Bank.
TI  - New product technology, accumulation, and growth
PY  - 2006///
CY  - Washington, D. C
PB  - World Bank
KW  - New products
KW  - Developing Countries
KW  - Technological innovations
KW  - Economic aspects
KW  - Exports
KW  - Developing countries
KW  - United States
N1  - 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
ER  -