Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322778 
Year of Publication: 
2008
Series/Report no.: 
Discussion Papers Series No. 08-32
Publisher: 
Utrecht University, Utrecht School of Economics, Tjalling C. Koopmans Research Institute, Utrecht
Abstract: 
This paper investigates whether technology spills over across national borders and technology regimes. We advocate a modeling strategy where changes in technical efficiency capture technology spillovers as industries absorb and implement the best-practice (frontier) technology. Recently developed dynamic panel-based techniques are used to determine whether efficiency series move together in the long run (cointegrate) and/or move closer together over time (converge). We contribute to the literature by controlling for technological heterogeneity and for cross-sectional dependence in the data. For a panel of manufacturing industries in six EU countries, we find evidence of long-run relationships among industries' efficiency levels in different countries and technology regimes. Furthermore, we find convergence among manufacturing industries, both across countries and across technology regimes.
Subjects: 
technology spillovers
efficiency
panel cointegration
convergence
manufacturing industries
Document Type: 
Working Paper

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