Robust measurement of national technological progress

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Zambelli, Stefano; Fredholm, Thomas and Venkatachalam, Ragupathy. 2017. Robust measurement of national technological progress. Structural Change and Economic Dynamics, 42, pp. 38-55. ISSN 0954-349X [Article]

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Official URL: https://doi.org/10.1016/j.strueco.2017.05.001

Abstract or Description

We propose a measure of technological progress based on the information embedded in standard input-output tables. A connection is established between the quantities necessary as inputs, the associated output and auxiliary prices. It is argued that the wage-profit frontiers and the associated production prices together provide a robust basis for measuring technological progress and productivities. The computation of the wage-profit frontiers is a non-trivial exercise because of high combinatorial complexity. An algorithm that renders this computation feasible is presented. We analyze technological progress and productivities among 30 countries between 1995-2011 using the latest multi-regional input-output data.

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Article

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https://doi.org/10.1016/j.strueco.2017.05.001