Publication: Innovación y crecimiento económico: Aplicación de análisis factorial y modelos dinámicos de datos de panel
Loading...
Official URL
Full text at PDC
Publication Date
2016
Advisors (or tutors)
Editors
Journal Title
Journal ISSN
Volume Title
Publisher
Facultad de Ciencias Económicas y Empresariales. Instituto de Análisis Industrial y Financiero
Citations
Exportar
Abstract
En este trabajo se analiza de forma cuantitativa el aporte de la innovación al crecimiento económico y el posible efecto de las distintas características de los Sistemas Nacionales de Innovación sobre las economías europeas. Se parte del marco conceptual neoclásico de crecimiento económico, revitalizado por Mankiw, Romer y Weil en 1992, y se complementa con las nuevas teorías del cambio tecnológico y la economía de la innovación, en especial, el aporte de la teoría de los Sistemas de Innovación. En el análisis empírico se aplica el estimador “Promedio de Grupos Agrupado” (PMG) para datos de panel dinámico a una muestra de 23 países europeos en el período 1995-2012, confirmándose la hipótesis acerca del impacto positivo de la innovación —medida a través de un Índice de Capacidad Innovadora Nacional— sobre la tasa de crecimiento económico de los países y demostrándose implícitamente, además, que las distintas configuraciones de los Sistemas Nacionales de Innovación tienen efectos diversos sobre las tasas de crecimiento económico para las economías europeas.
This paper analyses quantitatively the contribution of innovation to economic growth and the effect of the different configurations of National Innovation Systems, NIS, on European economies. It starts from the neoclassical framework of economic growth, revitalized by Mankiw, Romer and Weil in 1992 but supplemented with new theories of technological change and economy of innovation, in particular, the contribution of the Innovation Systems Theory. In the empirical estimation, it applies the estimator "Pooled Mean Group" (PMG) for dynamic panel data on a sample of 23 European countries in the period 1995-2012, confirming the hypothesis on the positive impact of innovation - measured by a National Innovation Index- on the rate of countries’ economic growth and, implicitly demonstrating that different configurations of NSI’s have different effects on rates of economic growth for European economies.
This paper analyses quantitatively the contribution of innovation to economic growth and the effect of the different configurations of National Innovation Systems, NIS, on European economies. It starts from the neoclassical framework of economic growth, revitalized by Mankiw, Romer and Weil in 1992 but supplemented with new theories of technological change and economy of innovation, in particular, the contribution of the Innovation Systems Theory. In the empirical estimation, it applies the estimator "Pooled Mean Group" (PMG) for dynamic panel data on a sample of 23 European countries in the period 1995-2012, confirming the hypothesis on the positive impact of innovation - measured by a National Innovation Index- on the rate of countries’ economic growth and, implicitly demonstrating that different configurations of NSI’s have different effects on rates of economic growth for European economies.
Description
UCM subjects
Keywords
Citation
Abramowitz, M. (1956), “Catching up, forging ahead and falling behind”, Journal of Economic History, No. 46.
Agiomirgianakis, G.; Asteriou, D. y Monastiriotis, V. (2002, “Human capital and economic growth revisited: a dynamic panel data study”, IAER, 8(3): pp. 177-187.
Arnold, J. (2008), “Do tax structures affect aggregate economic growth? empirical evidence from a panel of OCDE countries”, OCDE Economics Department Working Papers, No. 643, OCDE Publishing.
Arrow, K. (1962), “Economic welfare and allocation of resources for invention”, En “The Rate and Direction of Inventive Activity, ed. R. Nelson, Princeton University Press. Princeton.
Asheim, B.; Gertler, M. (2005), “The geography of innovation: regional innovation systems”. In Fagerberg, Mowery y Nelson (Eds.) (2005), pp. 291-317.
Avondet, L. y Piñero, F. (2007), “Comercio internacional y competitividad en la sociedad del conocimiento”, pp. 1-27.
Bassanini, A. y Scarpetta, S. (2001), “Does human capital matter for growth in OCDE countries?: evidence from pooled mean-group estimates”, OCDE Economics Department Working Papers, No. 282, OECD Publishing.
Bassanini, A. y Scarpetta, S. (2001), “The driving forces of economic growth: panel data evidence for the OCDE countries”, OCDE Economic Studies No. 33, 2001/II.
Barro, R. (1991), “El crecimiento económico en una muestra de países”, Documentos de Trabajo del NBER 3120, National Bureau of Economic Reserach, Inc.
Barro, R. y Sala-i-Martin, X. (1995), “Economic growth”, McGrawHill.
Bebczuk, R. y Garegnani, L. (2006), “Autofinanciamiento empresario y crecimiento económico”, Investigaciones Económicas, Banco Central de la República Argentina.
Benhabib, J. y Spiegel, M. (1994), “The role of human capital in economic development evidence from aggregate cross country”, Journal of Monetary Economics, Volume 34, Issue 2, pp, 143-173.
Binswanger, H. D. y Ruttan, V. N. (1976), “The theory of induced innovation and agricultural development”. John Hopkins Press. Baltimore.
Blackburne, E., y Frank, M. (2007), “Estimation of nonstationary heterogeneous panels”, The Stata Journal, Number 2, pp. 197-208.
Buesa, M.; Heijs, J.; Baumert, T. y Martínez-Pellitero, M. (2006). “Regional systems of innovation and knowledge production function: the Spanish case”. Technovation. Vol 26, Abril. (ISSN, 0166-4972: Pp.463-472).
Buesa, M.; Heijs, J. (Eds.), (2007), “Sistemas regionales de innovación: nuevas formas de análisis y medición”. Fundación de las Cajas de Ahorros – FUNCAS: Madrid.
Buesa, M.; Martínez Pellitero, M.; y Heijs, J. (2008), “The IAIF index for European regional innovation systems”, Documento de Trabajo No 61, Instituto de Análisis Industrial y Financiero, Universidad Complutense de Madrid.
Buesa, M.; Heijs, J. y Baumert, T. (2010), “The determinants of regional innovation in Europe: a combined factorial and regression knowledge production function approach”. Research Policy, Volume 39, Issue 6, July 2010, Pages 722-735.
Buesa, M. y Heijs, J. (2013), “Manual de economía de la innovación”. Instituto de Análisis Industrial Y Financiero. Facultad de Ciencias Económicas y Empresariales Universidad Complutense de Madrid.
Caselli, F.; Esquivel, G. y Lefort, F. (1996), “Reopening the convergence debate: a new look at cross-country growth empirics”. Journal of Economic Growth.
Cass, D. (1965): “Optimum growth in an aggregative model of capital”, Review of Economic Studies, 32, 233–240.
Cooke, Ph.; Uranga, M. y Etxebarria, G. (1997), “Regional systems of innovation: institutional and organizational dimensions”. Research Policy, vol. 26(2), pp. 475-491.
Diamond, P. (1965), “National debt in a neoclassical growth model”, The American Economic Review, Vol. 55, Issue 5.
Díaz, O. (2000), “Identificación de booms crediticios en América Latina”, Banco Central de Bolivia.
Doloreux, D. (2002), “What we should know about regional systems of innovation”. Technology and Society, vol. 24(3), pp. 243-263.
Domar, E. (1946), “Capital expansion, rate of growth and employment”. Econometrica, Vol. XVI, No. 2, pp. 137-47.
Dosi, G. y Soete, L. (1988), “Technical change and international trade”, in Technical Change and Economic Theory, Dosi, G.; Freeman, R.; Nelson, R.; Silverberg, G. and Soete L. eds. London 1988.
Dosi, G. (1991), “Perspectives on evolutionary theory”, Science and Public Policy, Vol. 18 (6), pp. 353-361.
Easterly, W y Levine, R. (2001), “What have we learned from a decade of empirical research on growth? it`s not factor accumuluation: stylized facts and growth models”, World Bank Economic Review Vol. 15 (2), pp. 177-219.
Edquist, Ch. (Ed.), (1997), “Systems of innovation: technologies, institutions and organizations”, Pinter Publishers, London.
Edquist, Ch. (2005), “Systems of innovation: perspectives and challenges”. In Fagerberg, Mowery and Nelson (Eds.)
Evenson, R. y Kislev, Y. (1976), “A stochastic model of applied R&D”, Journal of Political Economy 84, pp. 265-281.
Fagerberg, J. (1987), “A technological gap approach to why growth rates differ”, Research Policy, Vol. 16, Issues 2-4, pp. 87-99.
Fagerberg, J. (1988a), “Why growth rates differ”. En Dosi/Freeman/Nelson/Silverberg/Soete (Ed. ),1988.
Fagerberg, J. (1994), “Technology and international differences in growth rates”. Journal of Economic Literature, Vol. XXXII, (September).
Freeman, Ch. , Clark, J. y Soete, L. (1985), “Desempleo e innovación tecnológica. un estudio de las ondas largas y el desarrollo económico”, Ministerio de Trabajo y Seguridad Social, Madrid.
Freeman, Ch. (1987), “Technology policy and economic performance: lessons from japan”, Printer, Londres.
Freeman, Ch. (1994), “Innovation and growth”. En: Dodgson/Rothwell (Ed.)
Freeman, Ch. (1995), “The national system of innovation, in historical perspective”, Cambridge Journal of Economics19, pp. 5-24.
Freeman, R. y Louca, F (2002), “As time goes by: from the industrial revolutions to the information revolution”, Oxford University Press.
Furman, J.L., Porter, M.E. y Stern, S. (2002), “The determinants of national innovative capacity”. Research Policy, nº 31, pp. 899-933.
Griliches, Z. (1986), “Productivity, R&D and basic research at firm level, is there still a relationship”. American Economic Review, Vol. 76 (1).
Griliches, Z. (1990), “Patent statistics as economic indicators: a survey”, Journal of Economic Literature, vol. XXVIII, Diciembre. Existe traducción española, con el título “Estadísticas de patentes como indicadores económicos: una panorámica”, en Ekonomiaz. Revista Vasca de Economía, nº 23, 1992.
Harrod, R. (1939), “An essay in dynamic theory”, The Economic Journal, vol. 49, No. 193, pp. 14-33.
Heijs, J. (2012),”Fallos sistémicos y de mercado en el sistema español de innovación”, Revista de Información Comercial Española, No. 869 Noviembre-Diciembre 2012, pp. 43-64.
Howitt, P. y Aghion P. (1998), “Capital accumulation and innovation as complementary factors in long-run growth”, Journal of Economic Growth, Vol. 3, Issue 2, pp. 111-130.
Jones, Ch. y Romer, P. (2009), “The new kaldor facts: ideas, institutions, population, and human capital”, American Economic Assocation.
Jungmitage, A. (2004), “Innovations, technological specialisation and economic growth in the EU”, Economic and Financial Affairs, Publications No. 199.
Kline, S. y Rosenberg, N. (1986), “An overview of innovation”, En: Landau/Rosenberg , National Academy Press.
Kondratiev, N (1925), “The static and dynamic view of economics”, Quarterly Journal of Economics, 39 575-83.
Koopmans, T. (1965), “On the concept of optimal economic growth”, in (Study Week on the) Econometric Approach to Development Planning, chap. 4, pp. 225–87. North-Holland Publishing Co., Amsterdam.
Levin, A., Lin, C. F. y Chu, C. (2002), “Unit root tests in panel data: asymptotic and finite-sample properties”, Journal of Econometrics, 108, 1–24.
Loayza, N. y Ranciere, R. (2005), “Financial development, financial fragility, and growth”, IMF Working Paper.
Lucas, R. (1990), “Why doesn`t capital flow from rich to poor countries?” American Economic Review, Vol. 80, No 2, pp. 92-96.
Lundvall, B. (1994), “National innovation systems: towards a theory of innovation and interactive learning”, Pinter, Londres.
Lundvall, B. y Borrás, S. (1997), “The globalizing learning economy: implications for technology policy at the regional, national and european level”. Paper to the TSER workshop on “Globalization and the Learning Economy. Implications for Tecnology Policy”; Brussel, April 1997.
Makkonen, T. y Have R. (2013), “Benchmarking regional innovative performance: composite measures and direct innovation counts”, Scientometrics (2013) 94:247–262.
Mankiw, N., Romer, D. y Weil, D. (1992), “A contribution to the empirics of economic growth”, the Quarterly Journal of Economics, Vol. 107, No. 2.
Mazzucato, M. (2014), “El estado emprendedor, mitos del sector público frente al privado”, Editorial Rba, Barcelona.
Nelson, R. R. y Winter, S. (1974), “Neoclassical vs evolutionary theories of economic growth: critique and prospectus”. Economic Journal 84, pp. 886-905.
Nelson, R. R., Winter, S. y Schuette (1976), “Technical change in an evolutionary model”, Quarterly Journal of Economics 90, pp. 90-118.
Nelson, R. R. y Winter, S. (1982), “An evolutionary theory of economic change”. Harvard University Press,Cambridge.
Nelson, R. R. (Ed. ) (1993), “National systems of innovation: a comparative study”. Oxford University Press, Oxford.
Peretto, P.; Malerba, F. y Orsenigo, L. (1997), “Persistence of innovative activities, sectoral patterns of innovation and international technological specialization”, International Journal of Industrial Organization, Vol. 15, Issue 6, pp. 801-826.
Pesaran, M. y Smith, R. (1995), “Estimating long-run relationships from dynamic heterogeneous panels”. Journal of Econometrics, Vol.68, pp.79-113.
Pesaran, M., Shin. Y., y Smith, R. (1999), “Pooled mean group estimation of dynamic heterogeneous panels”. Journal of the American Statistical Association, Vol.94, pp.621-634.
Porter, M. (1990), “The comparative advantage of nations”. Free Press and Macmillan.
Rebelo, S. (1991), “Long run policy analysis and long run growth”, Journal of Political Economy, Vol. 99, No. 3, pp. 500-521.
Rodríguez-Pose, A. y Crescenzi, R. (2008), “Research and development, spillovers, innovation systems, and the genesis of regional growth in europe”. Regional studies, 42(1), 51-67.
Rodríguez-Pose, A.; Comptour, F. (2012), “Do clusters generate greater innovation and growth? an analysis of european regions”. The Professional Geographer, 64(2), 211-231.
Romain, B.; Romain, D. y Murtin, F. (2001), “The policy and institucional drivers of economic growth: new evidence form growth regressions”, Economics Departament Working, papers No. 843.
Romer, P. (1986), “Increasing returns and long-run growth”, Journal of Political Economy, Vol. 94 No 5, pp. 1002-1037.
Rosenberg, N. (1969), “The direction of technological change: inducement mechanisms and focusing devices”, Economic Development and Cultural Change 18, pp. 1-24.
Sánchez, M. (2014), “La contribución del capital humano y la i+d en el crecimiento económico”, Trabajo Final para optar al grado de Máster en Economía, Universidad de Alcalá y Universidad Complutense de Madrid.
Sánchez, M.; de la Iglesia, C y Heijs, J. (2015), “La contribución del capital humano y la i+d en el crecimiento económico: un análisis de datos de panel dinámico”, International Journal of Knowledge Engineering, Florianópolis1,V4 n.8 p.110-135.
Schmookler, J. (1966), “Invention and economic growth”, Harvard University Press, Cambridge, Mass.
Schumpeter, J. A. (1911), “Teoría del desenvolvimiento económico”, Fondo de Cultura Económica, México, 1944.
Schumpeter, J. A. (1939), “Business cycles: a theoretical, historical, and statistical analysis of the capitalist process”. New York and London, McGraw-Hill.
Sener, S. y Saridogan, E. (2011), “The effects of science-techonology-innovation on competitiveness and economic growth”, Procedia Social and Behavioral Sciences 24, pp. 815-828.
Solow, R. (1956), “A contribution to the theory of economic growth”, Quaterly Journal of Economics Vol. 70, No. 1, pp. 65‐94.
Smith, A. (1776), “The wealth of nations”, Bantam Classic.
Verspagen, B. (2001), “Economic growth and technological change: an evolutionary interpretation”, STI Working Papers 2001/1, OECD.
Weil, D. (2006), “Crecimiento económico”, Addison-Wesley, pp. 616.
Young, A. (1994), “Lessons from East Asian NICS: a contrarian view”, European Economic Review, Vol. 38, Issues 3-4, pp. 964-973.