Fulvio, Castellacci and Jose Miguel, Natera (2011): The dynamics of national innovation systems: a panel cointegration analysis of the coevolution between innovative capability and absorptive capacity.
Download (674kB) | Preview
This paper puts forward the idea that the dynamics of national innovation systems is driven by the coevolution of two main dimensions: innovative capability and absorptive capacity. The empirical analysis employs a broad set of indicators measuring national innovative capabilities and absorptive capacity for a panel of 98 countries in the period 1980-2008, and makes use of panel cointegration analysis to investigate long-run relationships and coevolution patterns among these variables. The results indicate that the dynamics of national systems of innovation is driven by the coevolution of three innovative capability variables (technological output, scientific output, innovative input), on the one hand, and three absorptive capacity factors (income per capita, infrastructures and international trade), on the other.
|Item Type:||MPRA Paper|
|Original Title:||The dynamics of national innovation systems: a panel cointegration analysis of the coevolution between innovative capability and absorptive capacity|
|Keywords:||national systems of innovation; innovative capability; absorptive capacity; economic growth and development; coevolution; panel cointegration analysis|
|Subjects:||F - International Economics > F0 - General > F00 - General
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O30 - General
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O10 - General
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies
C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models; Multiple Variables > C33 - Models with Panel Data; Longitudinal Data; Spatial Time Series
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
|Depositing User:||Fulvio Castellacci|
|Date Deposited:||15. Jun 2011 17:30|
|Last Modified:||15. Feb 2013 06:09|
Abramovitz, M. (1986): “Catching-up, forging ahead and falling behind”, Journal of Economic History, 46: 385-406.
Abramovitz, M. (1994): “The origins of the postwar catch-up and convergence boom”, in Fagerberg, J., Verspagen, B. and von Tunzelmann, N. (Eds): The Dynamics of Technology, Trade and Growth, Edward Elgar, Aldershot.
Acemoglu, D., Aghion, P. and Zilibotti, F. (2006): “Distance to frontier, selection and economic growth”, Journal of the European Economic Association, 4 (1): 37-74.
Archibugi, D. and Coco, A. (2004): “A new indicator of technological capabilities for developed and developing countries (ArCo)”, World Development, 32 (4): 629-654.
Arocena, R. and Sutz, J. (2003): “Inequality and innovation as seen from the South”, Technology in Society, 25: 171-182.
Azariadis, C. and Drazen, A. (1990): “Threshold Externalities In Economic Development”, Quarterly Journal of Economics, 105(2): 501-526.
Benhabib, J. and Spiegel, M. (1994): “The role of human capital in economic development. Evidence from aggregate cross-country data.” Journal of Monetary Economics, 34: 143-173.
Breitung, J. and Pesaran, M. H. (2008): “Unit roots and cointegration in panels”, in Matyas, L., Sevestre, P. (Eds.), The Econometrics of Panel Data: Fundamentals and Recent Developments in Theory and Practice, Kluwer Academic Publishers.
Castellacci, F. (2007): “Evolutionary and new growth theories. Are they converging?”, Journal of Economic Surveys, 21 (3): 585-627.
Castellacci, F. (2008): “Technology clubs, technology gaps and growth trajectories”, Structural Change and Economic Dynamics, 19 (4): 301-314.
Castellacci, F. (2011): “Closing the technology gap?”, Review of Development Economics, 15 (1): 180-197.
Castellacci, F. and Natera, J. M. (2011): “A new panel dataset for cross-country analyses of national systems and development (CANA)”, Innovation and Development, 1 (2), in press.
Costantini, V. and Martini, C. (2010): “The causality between energy consumption and economic growth: a multi-sectoral analysis using non-stationary cointegrated panel data”, Energy Economics, 32: 591-603.
Dosi, G., Llerena, P. and Sylos Labini, M. (2006): “The relationships between science, technology and their industrial exploitation: an illustration through the myths and realities of the so-called ‘European Paradox’, Research Policy, 35: 1450-1464.
Edquist, C. and Hommen, L. (2008): Small Country Innovation Systems: Globalisation, Change and Policy in Asia and Europe, Edward Elgar.
Engle, R. F. and Granger, C. W. J. (1987): “Cointegartion and error-correction: representation, estimation and testing”, Econometrica, 55: 251-276.
Esfahani, H. S. and Ramirez, M. T. (2003): “Institutions, infrastructure and economic growth”, Journal of Development Economics, 70: 443-477.
Fagerberg, J. (1994): “Technology and International differences in growth rates”, Journal of Economic Literature, 32: 1147-1175.
Fagerberg, J. and Verspagen, B. (2002): “Technology-gaps, innovation-diffusion and transformation: an evolutionary interpretation”, Research Policy, 31: 1291-1304.
Fagerberg, J., Srholec, M. and Knell, M. (2007): “The competitiveness of nations: why some countries prosper while others fall behind”, World Development, 35 (10): 1595-1620.
Fagerberg, J., and Srholec, M. (2008): “National innovation systems, capabilities and economic development”, Research Policy, 37: 1417-1435.
Filippetti, A. and Peyrache, A. (2011): “The Patterns of Technological Capabilities of Countries: A Dual Approach using Composite Indicators and Data Envelopment Analysis”, World Development, in press.
Foster, J. (1991): “Econometric methodology in an environment of evolutionary change”, in Saviotti and Metcalfe (Eds.), Evolutionary Theories of Economic and Technological Change: Present Status and Future Prospects, Harvood Academics, Reading.
Foster, J. and Wild, P. (1999): “Econometric modelling in the presence of evolutionary change”, Cambridge Journal of Economics, 23: 749-770.
Freeman, C. (2004): “Technological infrastructure and international competitiveness”, Industrial and Corporate Change, 13 (3): 541-569.
Furman, J., Porter, M. and Stern, S. (2002): “The determinants of national innovative capacity”, Research Policy, 31: 899-933.
Galor, O. (2005): “From Stagnation To Growth: Unified Growth Theory”, in P. Aghion, S.N. Durlauf (eds.), Handbook of Economic Growth, vol. 1A, London: Elsevier.
Galor, O. and Weil, D. (2000): “Population, technology and growth: from Malthusian stagnation to the demographic transition and beyond”, American Economic Review 110: 806-828.
Godinho, M.M., Mendonca, S.F., Pereira, T.S. (2006): “Towards a Taxonomy of Innovation Systems”, mimeo, Universidade Tecnica de Lisboa.
Gong, G. and Keller, W. (2004): “Convergence and polarization in global income levels: a review of recent results on the role of international technology diffusion”, Research Policy, 32: 1055-1079.
Honaker, J. and King, G. (2010): “What to do about missing values in time-series cross-section data”, American Journal of Political Science, 54 (2): 561-581.
Howitt, P. (2000): “Endogenous growth and cross-country income differences”, American Economic Review, 90 (4): 829-846.
Howitt, P. and D. Mayer-Foulkes (2005): “R&D, implementation and stagnation: a Schumpeterian theory of convergence clubs”, Journal of Money, Credit and Banking 37 (1): 147-177.
Iacopetta, M. (2010): “Phases of economic development and the transitional dynamics of an innovation-education growth model”, European Economic Review, 54: 317-330.
Krammer, S. (2010): “International R&D spillovers in emerging markets: the impact of trade and foreign direct investment”, Journal of International Trade and Economic Development, 19 (4): 591-623.
Lundvall, B. Å. (2007): “National innovation systems – analytical concept and development tool, Industry and Innovation, 14 (1): 95-119.
Lundvall, B. Å., Joseph, K., Chaminade, C. and Vang, J. (2009): Handbook on Innovation Systems and Developing Countries: Building Domestic Capabilities in a Global Setting, Edward Elgar.
Nelson, R. R. (1993): National Innovation Systems: A Comparative Analysis, Oxford University Press, New York and Oxford.
Papageorgiou, C. (2002): “Technology adoption, human capital and growth theory.” Review of Development Economics, 6: 351-368.
Romer, P. (1990): “Endogenous technological change”, Journal of Political Economy, 98: S71-S102.
Stokke, H. (2008): “Productivity growth and organizational learning.” Review of Development Economics, 12 (4): 764-778.
Varsakelis, N. (2006): “Education, political institutions and innovative activity: a cross-country empirical investigation”, Research Policy, 35: 1083-1090.
Verspagen, B. (1991): “A new empirical approach to catching up or falling behind”, Structural Change and Economic Dynamics, 2 (2): 488-509.
Weinhold, D. and Nair-Reichert, U. (2009): “Innovation, inequality and intellectual property rights”, World Development, 37 (5): 889-901.