dEjournals Home Page
Competitio
Online ready Current Most Read Archives Search
Register Login

Competitio

Vol. 12 No. 1 (2013)
Papers

The Complexity of Technological Progress: Empirical evidence in the European Union

Published:
2013-06-17
DOI Linkhttps://doi.org/10.21845/comp/2013/1/2
Author
Julianna Csugany
View
PDF (Hungarian)
Keywords
technological environment institutions R&D and innovation
How To Cite
Selected Style: APA
Csugany, J. (2013). The Complexity of Technological Progress: Empirical evidence in the European Union. Competitio, 12(1), 23-34. https://doi.org/10.21845/comp/2013/1/2
Abstract

The author examines the role of institutions in technological change on the basis of an understanding of the macroeconomic context of technological progress. The empirical study aims to demonstrate the macroeconomic relationship between economic growth, technological progress and institutions, using data from the member states of the European Union. This paper constructs a statistical model which accommodates the complexity of technological progress and contributes to the analysis of its different aspects. It concludes that the elements of the technological environment and an emphasis on the protection of property rights play an essential role in understanding the effects of technological progress on economic growth.

Journal of Economic Literature (JEL) classifications: O11, O34, O43

References
  1. Acemoglu, D. – Johnson, S. (2005): Unbundling Institutions. Journal of Political Economy, Vol. 113, No. 5:949–995.
  2. Arrow, K. J. (1962): The Economic Implications of Learning by Doing. The Review of Economic Studies, Vol. 29:155–173.
  3. Caselli, F (1999): Technological Revolutions. The American Economic Review, Vol. 98, No. 1:78–102.
  4. Czeglédi Pál (2004): Humán tőke és intézmények az endogén növekedéselmélet korai modelljeiben. Competitio, Vol. 3, No. 2:135–149.
  5. Czeglédi Pál (2007): Piaci intézmények és gazdasági növekedés: a modern osztrák iskola nézőpontja. Akadémiai Kiadó, Budapest.
  6. Czeglédi Pál (2009): A tulajdonjogi biztonság szerepe a technológia elterjedésében. Közgazdasági Szemle, Vol. 56, No. 9:790–813.
  7. EC/Eurostat (2011). Adatok az Európai Bizottság (European Commission) Eurostat adatbázisából. http://epp.eurostat.ec.europa.eu/portal/page/portal/statistics/search_database, Letöltve: 2011. 09. 06.
  8. Gwartney, J. D. – Hall, J. C. – Lawson, R. (2010): Economic Freedom Dataset. Published in Economic Freedom of the World, 2010 Annual Report. http://www.freetheworld.com/datasets_efw.html, Letöltve: 2011. 07. 28.
  9. Hall, R. E. – Jones, Ch. I. (1999): Why do Some Countries Produce So Much More Output per Worker than Others? The Quarterly Journal of Economics, Vol. 114, No. 1:83–116.
  10. Heston, A. – Summers, R. – Aten, B. (2011): Penn World Table Version 7.0. Center for International Comparisons of Production, Income and Prices at the University of Pennsylvania, May 2011. http://pwt.econ.upenn.edu/php_site/pwt_index.php, Letöltve: 2011. 07. 12.
  11. Jones, Ch. I. (1995): R&D-based Models of Economic Growth. The Journal of Political Economy, Vol. 103, No. 4:759–784.
  12. Jones, Ch. I. (1998): Introduction to Economic Growth. W. W. Norton & Company, New York and London, First Edition.
  13. Kapás Judit (2007): Hogyan fejlődik a vállalat? A fizikai és a társadalmi technológia kölcsönhatásos evolúciós folyamata. Közgazdasági Szemle, Vol. 54, No.1:49–66.
  14. Krugman, P. (1979): A Model of Innovation, Technology Transfer, and the World Distribution of Income. The Journal of Political Economy, Vol. 87. No. 2:253–266.
  15. Lucas, R. E. (1988): On the Mechanics of Economic Development. Journal of Monetary Economics, Vol. 22, No. 1:3–42.
  16. Mokyr, J. (2004): A gazdagság gépezete – technológiai kreativitás és gazdasági haladás. Nemzeti Tankönyvkiadó, Budapest.
  17. Nelson, R. R. (2008): What enables rapid economic progress: What are the needed institutions? Research Policy, Vol. 37, No. 1:1–11.
  18. North, D. C. (1990): Institutions, Institutional Change, and Economic Performance. Cambridge University Press, Cambridge.
  19. North, D. C. – Thomas, R. P. (1973): The Rise of the Western World: A New Economic History. Cambridge University Press, Cambridge UK.
  20. Park, W. G. (2003): European Innovation and Technology Diffusion: Evidence from Patenting Data. http://nw08.american.edu/~wgp/Euro%20Innov.pdf
  21. Pelikan, P. (2003): Bringing Institutions into evolutionary economics: another view with links to changes physical and social technologies. Journal of Evolutionary Economics, Vol. 13, No. 3:237–258.
  22. Romer, P. M. (1990): Endogenous Technological Change. Journal of Political Economy, Vol. 98, No. 5:S71–S102.
  23. Romer, P. M. (1994): The Origins of Endogenous Growth. Journal of Economic Perspectives, Vol. 8, No. 1:3–22.
  24. Schumpeter, J. A. (1912[1980]): A gazdasági fejlődés elmélete. Közgazdasági és Jogi Kiadó, Budapest.
  25. Solow, R. M. (1956): A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, Vol. 70, No. 1:65–94.
  26. Solow, R. M. (1987): We’d Better Watch Out. The New York Times Book Review, July 12:36.
Most read articles by the same author(s)