Technical Change, Efficiency Change and Institutions: Empirical Evidence for a Sample of OECD Countries

21 Pages Posted: 19 Jun 2013

See all articles by Sara Barcenilla‐Visús

Sara Barcenilla‐Visús

University of Zaragoza

José‐María Gómez‐Sancho

University of Zaragoza

Carmen López‐Pueyo

University of Zaragoza

María‐Jesús Mancebón

University of Zaragoza

Jaime Sanaú

University of Zaragoza

Date Written: June 2013

Abstract

This study measures the total factor productivity (TFP) of 15 OECD countries in the period 1989–2004 and disaggregates it into its two components: technical change and efficiency change. Subsequently, two theoretical models are estimated to evaluate the effects that technology and institutions have on technical change and on efficiency change. The results show that technology, proxied by domestic R&D stocks or by patents, stimulated the variation in technical change and in efficiency change. In contrast, the reduction of entry barriers and of the relative weight of publicly owned companies, or deregulation in the telecommunications sector, drove technical change but, at the same time, slowed efficiency change.

Suggested Citation

Barcenilla‐Visús, Sara and Gómez‐Sancho, José‐María and López‐Pueyo, Carmen and Mancebón, María‐Jesús and Sanaú, Jaime, Technical Change, Efficiency Change and Institutions: Empirical Evidence for a Sample of OECD Countries (June 2013). Economic Record, Vol. 89, Issue 285, pp. 207-227, 2013, Available at SSRN: https://ssrn.com/abstract=2281689 or http://dx.doi.org/10.1111/1475-4932.12019

Sara Barcenilla‐Visús (Contact Author)

University of Zaragoza ( email )

Gran Via 2
Zaragoza, 50005
Spain

José‐María Gómez‐Sancho

University of Zaragoza

Gran Via 2
Zaragoza, 50005
Spain

Carmen López‐Pueyo

University of Zaragoza

Gran Via 2
Zaragoza, 50005
Spain

María‐Jesús Mancebón

University of Zaragoza

Gran Via 2
Zaragoza, 50005
Spain

Jaime Sanaú

University of Zaragoza

Gran Via 2
Zaragoza, 50005
Spain

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