Determination of Country-Specific Effects of Technological Gap
Abstract
This study aims to analyze the determination of country-specific effects of technology gap in the European Union. For this reason, this study employs technology gap model and shows that the determinants of technology gap for the European Union countries for the period 1998-2016. Balanced panel data method was used in the analysis. It is presented empirical tests of the theory for 22 European Union countries. It is found that patent application growth rate and Gross Domestic Product per person employed growth rate effect technology gap. Owing to the Common Correlated Effect Model we are able to see these effects for each country. This gives the opportunity to develop country-specific economic policy. In this way, economic policy practitioners can develop more effective policies for countries, even if they are involved in an economic integration.
Keywords
References
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Details
Primary Language
English
Subjects
Business Administration
Journal Section
Research Article
Authors
Gülçin Güreşçi
*
0000-0002-3761-8547
Türkiye
Publication Date
December 30, 2018
Submission Date
October 24, 2018
Acceptance Date
October 30, 2018
Published in Issue
Year 2018 Volume: 2 Number: 2