@article{article_281415, title={THE RELATIONSHIP BETWEEN KNOWLEDGE CAPITAL, SPILLOVER EFFECTS AND LABOR PRODUCTIVITY}, journal={Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi}, volume={38}, pages={293–309}, year={2016}, DOI={10.14780/muiibd.281415}, author={Süalp, Mustafa Nedim and Durmaz, Cemil Faruk}, keywords={Total Factor Productivity,Labor Productivity,R&D Capital,Spillover Effects}, abstract={<p>In growth literature the part and the variations of the growth rates unexplained by the changes in the </p> <p>amount of labor and capital, named as Solow Residual, has been continuing to be one of the main </p> <p>concerns. Technological advances and improvements in human capital have been the main candidates </p> <p>in investigating the sources of the unexplained part of the growth phenomenon. However the channels </p> <p>through which technology is transferred among countries still need more investigation. Most part of </p> <p>the literature is focused on the Total Factor Productivity (TFP), the main determinants of which are </p> <p>considered to be the research and development (R & D) and human capital. More recently spillover </p> <p>effects as the way to transfer the technology through the import of capital and Foreign Direct Investment </p> <p>(FDI) have become the central theme. Spillover effects through capital goods imports and domestic R&D </p> <p>capital stock on labor productivity are empirically investigated in this study for 23 countries between </p> <p>2002 and 2011. Results of panel data analysis indicated that technology transfer is significant and </p> <p>positive for a large and heterogeneous sample. However, capital goods imports do not cause a knowledge </p> <p>transfer from G7 economies to countries with relatively and significantly lower level of productivity. </p> <p>The paper is expected to contribute the literature by using labor productivity instead of total factor </p> <p>productivity when the effects of externalities are investigated in samples with different set of countries. </p>}, number={2}, publisher={Marmara Üniversitesi}