ESTIMATING THE EFFECTS OF TECHNOLOGY DEVELOPMENT ON TOTAL FACTOR PRODUCTIVITY IN IRAN

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SHAVVALPOUR SAEED

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Journal: JOURNAL OF ECONOMIC MODELING RESEARCH Year:2013 | Volume:3 | Issue:11 Page(s): 141-160

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Title

ESTIMATING THE EFFECTS OF TECHNOLOGY DEVELOPMENT ON TOTAL FACTOR PRODUCTIVITY IN IRAN

Author(s)

SHAVVALPOUR SAEED | Issue Writer Certificate

Keywords

INNOVATIONQ2

PATENTQ2

COINTEGRATIONQ2

VECTOR ERROR CORRECTION MODELQ2

TOTAL FACTOR PRODUCTIVITYQ2

Abstract

The concept of “INNOVATION” has changed considerably in recent years. According to new theories, the INNOVATION emerges in a system of interrelated elements and determinants during which the idea changes to a commercialized output or process. The literature on the INNOVATION has concentrated mainly on various aspects of INNOVATION chain separately. In this paper we tried to investigate the general effects of the whole elements of the INNOVATION chain simultaneously. These elements are: R&D expenditures, physical capital formation, human capital and PATENT filling (residence and non-residence). We utilized multivariable time-series methods including COINTEGRATION and VECTOR ERROR CORRECTION MODEL (VECM) to assess the long-run effects of INNOVATION elements on TOTAL FACTOR PRODUCTIVITY in Iran. Results show that excluding the human capital variable, other elements of INNOVATION chain have positive effects on TFP, among them, residence and non-residence PATENT filling having the normalized long-run coefficients of 0.58 and 0.48 respectively, are the most important factors affecting TFP in Iran.

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APA: Copy

SHAVVALPOUR, SAEED. (2013). ESTIMATING THE EFFECTS OF TECHNOLOGY DEVELOPMENT ON TOTAL FACTOR PRODUCTIVITY IN IRAN. JOURNAL OF ECONOMIC MODELING RESEARCH, 3(11), 141-160. SID. https://sid.ir/paper/208816/en

Vancouver: Copy

SHAVVALPOUR SAEED. ESTIMATING THE EFFECTS OF TECHNOLOGY DEVELOPMENT ON TOTAL FACTOR PRODUCTIVITY IN IRAN. JOURNAL OF ECONOMIC MODELING RESEARCH[Internet]. 2013;3(11):141-160. Available from: https://sid.ir/paper/208816/en

IEEE: Copy

SAEED SHAVVALPOUR, “ESTIMATING THE EFFECTS OF TECHNOLOGY DEVELOPMENT ON TOTAL FACTOR PRODUCTIVITY IN IRAN,” JOURNAL OF ECONOMIC MODELING RESEARCH, vol. 3, no. 11, pp. 141–160, 2013, [Online]. Available: https://sid.ir/paper/208816/en

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