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Title: What determines technology diffusion across frontiers? R&D content, human capital and institutions
Authors: Assiotis, Andreas 
Zachariades, Marios 
Savvides, Andreas 
Keywords: R&D content;Metalworking machinery;Embodied technology
Category: Economics and Business
Field: Social Sciences
Issue Date: Feb-2015
Publisher: Economics Bulletin
Source: Economics Bulletin, Volume 35, Issue 2, 2015, Pages 856-870
Abstract: This paper examines the determinants of international technology diffusion across a sample of 127 countries for the period 1961-2011. We measure technology diffusion by the importation of two capital goods categories that embody different R&D content: computers and metalworking machinery. We fi nd that economic institutions and political institutions have a large and significant effect on computer imports (that embody a higher R&D content) but not for less technologically-intensive types of capital goods such as metalworking machinery. The role of institutions is mirrored by that of human capital. Together, these results highlight the role of institutions and human capital in facilitating embodied technology diffusion through capital goods imports, more than mere capital accumulation.
ISSN: 15452921
Rights: All Rights Reserved AccessEcon LLC 2006, 2008
Type: Article
Appears in Collections:Άρθρα/Articles

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