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TOTAL FACTOR PRODUCTIVITY AND TECHNOLOGY TRANSFER IN BRICS-T COUNTRIES

Year 2018, Issue: 21, 101 - 118, 27.03.2018
https://doi.org/10.18092/ulikidince.349292

Abstract

Technological development takes place largely through
international technology transfer and is measured by total factor productivity.
Total factor productivity increases through technology transfer. The purpose of
this study is to examine the direct and indirect effects of technology transfer
on total factor productivity. In this context, BRICS-T countries, which
constitute a significant part of developing countries, examined the total
factor productivity of 2001-2015, the effects of foreign research and
development activities and foreign direct investments on the import channel.
Long and short term predictions with panel data analysis show that the import
channel works in technology transfer. Research and development expenditure in
the importing countries increases total factor productivity in the host
country. Although foreign direct investment is less influenced by research and
development activities, it increases total factor productivity.

References

  • Alfaro, L., Kalemli‐Ozcan, S., & Sayek, S. (2009). FDI, productivity and financial development. The World Economy, 32(1), 111-135.
  • Arolat, Osman. (2014). BRICS’ e Ülkemizin T’sini Ekleyemedik Amma https://www.dunya.com/kose-yazisi/bricse-ulkemizin-tsini-ekleyemedik-amma/20798
  • Baltabaev, B. (2014). Foreign Direct Investment and Total Factor Productivity Growth: New Macro‐Evidence. The World Economy, 37(2), 311-334.
  • Barro, Robert and Jong-Wha Lee, 2013, "A New Data Set of Educational Attainment in the World, 1950-2010." Journal of Development Economics, vol 104, pp.184-198.
  • Benhabib, J., & Spiegel, M. M. (1994). The role of human capital in economic development evidence from aggregate cross-country data. Journal of Monetary economics, 34(2), 143-173.
  • Bitzer, J., & Görg, H. (2009). Foreign direct investment, competition and industry performance. The World Economy, 32(2), 221-233.
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253.
  • Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth?. Journal of international Economics, 45(1), 115-135.
  • Cameron, G., Proudman, J., & Redding, S. (2005). Technological convergence, R&D, trade and productivity growth. European Economic Review, 49(3), 775-807.
  • Choi, I. (1994). Durbin-Hausman tests for cointegration. Journal of Economic Dynamics and Control, 18(2), 467-480.
  • Coe, D. T., & Helpman, E. (1995). International r&d spillovers. European economic review, 39(5), 859-887.
  • Comin D. (2010) total factor productivity. In: Durlauf S.N., Blume L.E. (eds) Economic Growth. The New Palgrave Economics Collection. Palgrave Macmillan, London
  • Correa, P. G., Fernandes, A. M., & Uregian, C. J. (2010). Technology adoption and the investment climate: firm-level evidence for Eastern Europe and Central Asia. The World Bank Economic Review, 24(1), 121-147.
  • Ciruelos, A., & Wang, M. (2005). International technology diffusion: Effects of trade and FDI. Atlantic Economic Journal, 33(4), 437-449.
  • Durham, J. B. (2004). Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth. European economic review, 48(2), 285-306.
  • Easterly, W., & Levine, R. (2001). What have we learned from a decade of empirical research on growth? It's Not Factor Accumulation: Stylized Facts and Growth Models. the world bank economic review, 15(2), 177-219.
  • Engelbrecht, H. J. (1997). International R&D spillovers, human capital and productivity in OECD economies: An empirical investigation. European Economic Review, 41(8), 1479-1488.
  • Franco, C., Montresor, S., & Marzetti, G. V. (2011). On indirect trade-related R&D spillovers: the “Average Propagation Length” of foreign R&D. Structural Change and Economic Dynamics, 22(3), 227-237.
  • Griliches, Z. (1979). Issues in assessing the contribution of research and development to productivity growth. The bell journal of economics, 92-116.
  • Griliches, Z. (1980). R&D and the Productivity Slowdown.
  • Grossman, G. M. ve Helpman, E. (1991). “Trade, Knowledge Spillovers and Growth”. European Economic Review, 35: 517-526.
  • Ha, J., & Howitt, P. (2007). Accounting for Trends in Productivity and R&D: a schumpeterian critique of semi‐endogenous growth theory. Journal of Money, Credit and Banking, 39(4), 733-774.
  • Hadri, K., & Kurozumi, E. (2012). A simple panel stationarity test in the presence of serial correlation and a common factor. Economics Letters, 115(1), 31-34.
  • Hejazi, W., & Safarian, A. E. (1999). Trade, foreign direct investment, and R&D spillovers. Journal of International Business Studies, 30(3), 491-511.
  • Higon, D. A. (2007). The impact of R&D spillovers on UK manufacturing TFP: A dynamic panel approach. Research policy, 36(7), 964-979.
  • Keller, W. (1998). Are international R&D spillovers trade-related?: Analyzing spillovers among randomly matched trade partners. European Economic Review, 42(8), 1469-1481.
  • Keller, W. (2004). International technology diffusion. Journal of economic literature, 42(3), 752-782.
  • Kneller, R. (2005). Frontier technology, absorptive capacity and distance. Oxford Bulletin of Economics and Statistics, 67(1), 1-23.
  • Liu, X., Siler, P., Wang, C., & Wei, Y. (2000). Productivity spillovers from foreign direct investment: Evidence from UK industry level panel data. Journal of International Business Studies, 31(3), 407-425.
  • Li, X., & Liu, X. (2005). Foreign direct investment and economic growth: an increasingly endogenous relationship. World development, 33(3), 393-407.
  • Lichtenberg, F., & de La Potterie, B. V. P. (1996). International R&D spillovers: A re-examination (No. w5668). National bureau of economic research.
  • Lichtenberg, F. R., & de La Potterie, B. V. P. (1998). International R&D spillovers: a comment. European Economic Review, 42(8), 1483-1491.
  • Lumenga-Neso, O., Olarreaga, M., & Schiff, M. (2005). Onindirect'trade-related R&D spillovers. European Economic Review, 49(7), 1785-1798.
  • Madsen, J. B. (2007). Technology spillover through trade and TFP convergence: 135 years of evidence for the OECD countries. Journal of International Economics, 72(2), 464-480.
  • Nelson, R. R., & Phelps, E. S. (1966). Investment in humans, technological diffusion, and economic growth. The American economic review, 56(1/2), 69-75.
  • O’Neill, J. (2001). Building Better Global Economic BRICs. (No.66). Global Economics Paper.
  • Park, W. G. (2013). International patenting, patent rights, and technology gaps. Review of Economics and Institutions, 4(1), 25.
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels.
  • Pesaran, M. H. (2006). Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica, 74(4), 967-1012.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265-312.
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93.
  • Ruge Leiva, D. I. (2015). International R&D Spillovers and other Unobserved Common Spillovers and Shocks.
  • Sanfilippo, M. (2015). FDI from emerging markets and the productivity gap—An analysis on affiliates of BRICS EMNEs in Europe. International Business Review, 24(4), 665-676.
  • Seck, A. (2012). International technology diffusion and economic growth: Explaining the spillover benefits to developing countries. Structural Change and Economic Dynamics, 23(4), 437-451.
  • UNCTAD, United Nations Conference on Trade and Development. Enhancing the Productivity of SMEs Through Linkages. New York and Geneva, 2000.
  • UNCTAD, World Investment Report 2004, New York and Geneva: UNCTAD (2004).
  • Verspagen, B. (1997). Estimating international technology spillovers using technology flow matrices. Review of World Economics, 133(2), 226-248.
  • Westerlund, J. (2007). Testing for error correction in panel data. Oxford Bulletin of Economics and statistics, 69(6), 709-748.
  • Wu, Y. (2000). Is China's economic growth sustainable? A productivity analysis. China Economic Review, 11(3), 278-296.
  • Zhu, L., & Jeon, B. N. (2007). International R&D spillovers: Trade, FDI, and information technology as spillover channels. Review of International Economics, 15(5), 955-976.

BRICS-T ÜLKELERİNDE TOPLAM FAKTÖR VERİMLİLİĞİ VE TEKNOLOJİ TRANSFERİ

Year 2018, Issue: 21, 101 - 118, 27.03.2018
https://doi.org/10.18092/ulikidince.349292

Abstract

Teknolojik
gelişme büyük ölçüde uluslararası teknoloji transferi ile gerçekleşmektedir ve toplam
faktör verimliliği ile ölçülmektedir. Toplam faktör verimliliği teknoloji
transferi vasıtasıyla artmaktadır. Bu çalışmanın amacı teknoloji transferinin
toplam faktör verimliliğine doğrudan ve dolaylı etkilerini incelemektir. Bu
kapsamda gelişmekte olan ülkelerin önemli bir bölümünü oluşturan BRICS-T
ülkelerinde 2001-2015 yılları toplam faktör verimliliğine, ithalat kanalıyla
yurt dışı araştırma geliştirme faaliyetleri ve doğrudan yabancı yatırımların
etkileri incelenmiştir. Panel veri analizi ile uzun ve kısa dönemde yapılan
tahminler teknoloji transferinde ithalat kanalının çalıştığını göstermektedir.
İthalat yapılan ülkelerdeki araştırma geliştirme harcamaları, ev sahibi ülkede
toplam faktör verimliliğini arttırmaktadır. Doğrudan yabancı yatırımlar,
araştırma geliştirme faaliyetlerinin etkisinden daha düşük olsa da toplam faktör
verimliliğini arttırmaktadır. 

References

  • Alfaro, L., Kalemli‐Ozcan, S., & Sayek, S. (2009). FDI, productivity and financial development. The World Economy, 32(1), 111-135.
  • Arolat, Osman. (2014). BRICS’ e Ülkemizin T’sini Ekleyemedik Amma https://www.dunya.com/kose-yazisi/bricse-ulkemizin-tsini-ekleyemedik-amma/20798
  • Baltabaev, B. (2014). Foreign Direct Investment and Total Factor Productivity Growth: New Macro‐Evidence. The World Economy, 37(2), 311-334.
  • Barro, Robert and Jong-Wha Lee, 2013, "A New Data Set of Educational Attainment in the World, 1950-2010." Journal of Development Economics, vol 104, pp.184-198.
  • Benhabib, J., & Spiegel, M. M. (1994). The role of human capital in economic development evidence from aggregate cross-country data. Journal of Monetary economics, 34(2), 143-173.
  • Bitzer, J., & Görg, H. (2009). Foreign direct investment, competition and industry performance. The World Economy, 32(2), 221-233.
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253.
  • Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth?. Journal of international Economics, 45(1), 115-135.
  • Cameron, G., Proudman, J., & Redding, S. (2005). Technological convergence, R&D, trade and productivity growth. European Economic Review, 49(3), 775-807.
  • Choi, I. (1994). Durbin-Hausman tests for cointegration. Journal of Economic Dynamics and Control, 18(2), 467-480.
  • Coe, D. T., & Helpman, E. (1995). International r&d spillovers. European economic review, 39(5), 859-887.
  • Comin D. (2010) total factor productivity. In: Durlauf S.N., Blume L.E. (eds) Economic Growth. The New Palgrave Economics Collection. Palgrave Macmillan, London
  • Correa, P. G., Fernandes, A. M., & Uregian, C. J. (2010). Technology adoption and the investment climate: firm-level evidence for Eastern Europe and Central Asia. The World Bank Economic Review, 24(1), 121-147.
  • Ciruelos, A., & Wang, M. (2005). International technology diffusion: Effects of trade and FDI. Atlantic Economic Journal, 33(4), 437-449.
  • Durham, J. B. (2004). Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth. European economic review, 48(2), 285-306.
  • Easterly, W., & Levine, R. (2001). What have we learned from a decade of empirical research on growth? It's Not Factor Accumulation: Stylized Facts and Growth Models. the world bank economic review, 15(2), 177-219.
  • Engelbrecht, H. J. (1997). International R&D spillovers, human capital and productivity in OECD economies: An empirical investigation. European Economic Review, 41(8), 1479-1488.
  • Franco, C., Montresor, S., & Marzetti, G. V. (2011). On indirect trade-related R&D spillovers: the “Average Propagation Length” of foreign R&D. Structural Change and Economic Dynamics, 22(3), 227-237.
  • Griliches, Z. (1979). Issues in assessing the contribution of research and development to productivity growth. The bell journal of economics, 92-116.
  • Griliches, Z. (1980). R&D and the Productivity Slowdown.
  • Grossman, G. M. ve Helpman, E. (1991). “Trade, Knowledge Spillovers and Growth”. European Economic Review, 35: 517-526.
  • Ha, J., & Howitt, P. (2007). Accounting for Trends in Productivity and R&D: a schumpeterian critique of semi‐endogenous growth theory. Journal of Money, Credit and Banking, 39(4), 733-774.
  • Hadri, K., & Kurozumi, E. (2012). A simple panel stationarity test in the presence of serial correlation and a common factor. Economics Letters, 115(1), 31-34.
  • Hejazi, W., & Safarian, A. E. (1999). Trade, foreign direct investment, and R&D spillovers. Journal of International Business Studies, 30(3), 491-511.
  • Higon, D. A. (2007). The impact of R&D spillovers on UK manufacturing TFP: A dynamic panel approach. Research policy, 36(7), 964-979.
  • Keller, W. (1998). Are international R&D spillovers trade-related?: Analyzing spillovers among randomly matched trade partners. European Economic Review, 42(8), 1469-1481.
  • Keller, W. (2004). International technology diffusion. Journal of economic literature, 42(3), 752-782.
  • Kneller, R. (2005). Frontier technology, absorptive capacity and distance. Oxford Bulletin of Economics and Statistics, 67(1), 1-23.
  • Liu, X., Siler, P., Wang, C., & Wei, Y. (2000). Productivity spillovers from foreign direct investment: Evidence from UK industry level panel data. Journal of International Business Studies, 31(3), 407-425.
  • Li, X., & Liu, X. (2005). Foreign direct investment and economic growth: an increasingly endogenous relationship. World development, 33(3), 393-407.
  • Lichtenberg, F., & de La Potterie, B. V. P. (1996). International R&D spillovers: A re-examination (No. w5668). National bureau of economic research.
  • Lichtenberg, F. R., & de La Potterie, B. V. P. (1998). International R&D spillovers: a comment. European Economic Review, 42(8), 1483-1491.
  • Lumenga-Neso, O., Olarreaga, M., & Schiff, M. (2005). Onindirect'trade-related R&D spillovers. European Economic Review, 49(7), 1785-1798.
  • Madsen, J. B. (2007). Technology spillover through trade and TFP convergence: 135 years of evidence for the OECD countries. Journal of International Economics, 72(2), 464-480.
  • Nelson, R. R., & Phelps, E. S. (1966). Investment in humans, technological diffusion, and economic growth. The American economic review, 56(1/2), 69-75.
  • O’Neill, J. (2001). Building Better Global Economic BRICs. (No.66). Global Economics Paper.
  • Park, W. G. (2013). International patenting, patent rights, and technology gaps. Review of Economics and Institutions, 4(1), 25.
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels.
  • Pesaran, M. H. (2006). Estimation and inference in large heterogeneous panels with a multifactor error structure. Econometrica, 74(4), 967-1012.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265-312.
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93.
  • Ruge Leiva, D. I. (2015). International R&D Spillovers and other Unobserved Common Spillovers and Shocks.
  • Sanfilippo, M. (2015). FDI from emerging markets and the productivity gap—An analysis on affiliates of BRICS EMNEs in Europe. International Business Review, 24(4), 665-676.
  • Seck, A. (2012). International technology diffusion and economic growth: Explaining the spillover benefits to developing countries. Structural Change and Economic Dynamics, 23(4), 437-451.
  • UNCTAD, United Nations Conference on Trade and Development. Enhancing the Productivity of SMEs Through Linkages. New York and Geneva, 2000.
  • UNCTAD, World Investment Report 2004, New York and Geneva: UNCTAD (2004).
  • Verspagen, B. (1997). Estimating international technology spillovers using technology flow matrices. Review of World Economics, 133(2), 226-248.
  • Westerlund, J. (2007). Testing for error correction in panel data. Oxford Bulletin of Economics and statistics, 69(6), 709-748.
  • Wu, Y. (2000). Is China's economic growth sustainable? A productivity analysis. China Economic Review, 11(3), 278-296.
  • Zhu, L., & Jeon, B. N. (2007). International R&D spillovers: Trade, FDI, and information technology as spillover channels. Review of International Economics, 15(5), 955-976.
There are 50 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Gamze Kargın Akkoç

Uğur Akkoç

Özlem Fikirli Yücel This is me

Publication Date March 27, 2018
Published in Issue Year 2018 Issue: 21

Cite

APA Kargın Akkoç, G., Akkoç, U., & Fikirli Yücel, Ö. (2018). BRICS-T ÜLKELERİNDE TOPLAM FAKTÖR VERİMLİLİĞİ VE TEKNOLOJİ TRANSFERİ. Uluslararası İktisadi Ve İdari İncelemeler Dergisi(21), 101-118. https://doi.org/10.18092/ulikidince.349292

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