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dc.contributor.authorDe Cian, Enricaen_US
dc.contributor.authorCarraro, Carloen_US
dc.date.accessioned2011-12-15T11:32:30Z-
dc.date.available2011-12-15T11:32:30Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53287-
dc.description.abstractStarting from a system of factor demands, an empirical model that allows estimating factor-augmenting technical change is derived. Factor-augmenting technical change is defined as the improvement in factor productivities that can occur either exogenously or endogenously, with changes in other macroeconomic variables. This paper provides additional estimates for the substitution possibilities among inputs and it offers new empirical evidence on the direction and sources of factor-augmenting technical change, an issue that has not yet been explored by the empirical literature on growth determinants. The empirical findings suggest that technical change is directed. Technical change tends to be more energy-saving than capital- and labour-saving. Both R&D investments and international trade are important determinants of growth in energy and capital productivity whereas technical change for labour is positively related to education expenditure. Therefore, the sources of factor-augmenting technical change go beyond R&D investments, as proposed in the theory of directed technical change, and they differ across inputs. In other words, not only is technical change directed, the sources of factor-augmenting technical change appear to be input specific.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 18.2009en_US
dc.subject.jelC3en_US
dc.subject.jelO47en_US
dc.subject.jelQ55en_US
dc.subject.jelQ56en_US
dc.subject.ddc330en_US
dc.subject.keywordFactor-Augmenting Technical Changeen_US
dc.subject.keywordTechnology Spilloversen_US
dc.subject.keywordPanel Dataen_US
dc.titleFactor-augmenting technical change: An empirical assessmenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn644981105en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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