Total factor productivity, technology transfer and absorptive capacity in developing Asian countries

Technological progress or total factor productivity (TFP) is the main factor in sustaining economic growth in the long run. As technological follower, technology transfer is the main source of technology progress in developing Asian countries. Effectiveness of technology transfer requires adequate...

Full description

Saved in:
Bibliographic Details
Main Author: Chuah, Soo Cheng
Format: Thesis
Language:eng
eng
Published: 2016
Subjects:
Online Access:https://etd.uum.edu.my/6336/1/s93160_01.pdf
https://etd.uum.edu.my/6336/2/s93160_02.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-uum-etd.6336
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Abdul Razak, Nor Azam
Abdullah, Hussin
topic HC Economic History and Conditions
T Technology (General)
spellingShingle HC Economic History and Conditions
T Technology (General)
Chuah, Soo Cheng
Total factor productivity, technology transfer and absorptive capacity in developing Asian countries
description Technological progress or total factor productivity (TFP) is the main factor in sustaining economic growth in the long run. As technological follower, technology transfer is the main source of technology progress in developing Asian countries. Effectiveness of technology transfer requires adequate human capabilities to absorb and adapt foreign technological knowledge. This study attempts to study the relative contribution of TFP growth to economic growth and technological absorption of human capital in the technology transfer process by looking into gender aspect at different levels of education. Solow neoclassical growth accounting method is applied to investigate the contribution of TFP growth to economic growth. The logistic technology diffusion model is used to determine the impact of human capital gender on TFP growth through dual dimensions – innovation and technology transfer for a sample of 12 developing Asian countries over the period of 1970 -2009 by using panel data pooled Ordinary Least Square (OLS), fixed/ random effects model. The growth accounting estimation supports the assimilation views that TFP growth has significantly contributed to the output growth of developing Asian countries. The empirical results indicated that the aggregate of female and male educations is significant in the technology transfer process. In terms of gender disaggregate educational levels, female and male tertiary education showed higher absorptive capacity in facilitating technology transfer. The results also showed that autonomous technology transfer has significant impact on TFP growth. This study shows the absorptive capacity of female and higher education in the technology transfer in enhancing the growth of productivity. As such, several policies may be implemented to enhance the effectiveness of technology transfer process by augmenting tertiary education, reducing the gender education disparity, enhancing the rate of female participation in labour force. Sustaining the economic growth which is based on productivity is important at accelerating the economic development of Asian developing countries.
format Thesis
qualification_name Ph.D.
qualification_level Doctorate
author Chuah, Soo Cheng
author_facet Chuah, Soo Cheng
author_sort Chuah, Soo Cheng
title Total factor productivity, technology transfer and absorptive capacity in developing Asian countries
title_short Total factor productivity, technology transfer and absorptive capacity in developing Asian countries
title_full Total factor productivity, technology transfer and absorptive capacity in developing Asian countries
title_fullStr Total factor productivity, technology transfer and absorptive capacity in developing Asian countries
title_full_unstemmed Total factor productivity, technology transfer and absorptive capacity in developing Asian countries
title_sort total factor productivity, technology transfer and absorptive capacity in developing asian countries
granting_institution Universiti Utara Malaysia
granting_department School of Economics, Finance & Banking
publishDate 2016
url https://etd.uum.edu.my/6336/1/s93160_01.pdf
https://etd.uum.edu.my/6336/2/s93160_02.pdf
_version_ 1747828061126000640
spelling my-uum-etd.63362021-04-05T02:10:00Z Total factor productivity, technology transfer and absorptive capacity in developing Asian countries 2016 Chuah, Soo Cheng Abdul Razak, Nor Azam Abdullah, Hussin School of Economics, Finance & Banking School of Economics Finance and Banking HC Economic History and Conditions T Technology (General) Technological progress or total factor productivity (TFP) is the main factor in sustaining economic growth in the long run. As technological follower, technology transfer is the main source of technology progress in developing Asian countries. Effectiveness of technology transfer requires adequate human capabilities to absorb and adapt foreign technological knowledge. This study attempts to study the relative contribution of TFP growth to economic growth and technological absorption of human capital in the technology transfer process by looking into gender aspect at different levels of education. Solow neoclassical growth accounting method is applied to investigate the contribution of TFP growth to economic growth. The logistic technology diffusion model is used to determine the impact of human capital gender on TFP growth through dual dimensions – innovation and technology transfer for a sample of 12 developing Asian countries over the period of 1970 -2009 by using panel data pooled Ordinary Least Square (OLS), fixed/ random effects model. The growth accounting estimation supports the assimilation views that TFP growth has significantly contributed to the output growth of developing Asian countries. The empirical results indicated that the aggregate of female and male educations is significant in the technology transfer process. In terms of gender disaggregate educational levels, female and male tertiary education showed higher absorptive capacity in facilitating technology transfer. The results also showed that autonomous technology transfer has significant impact on TFP growth. This study shows the absorptive capacity of female and higher education in the technology transfer in enhancing the growth of productivity. As such, several policies may be implemented to enhance the effectiveness of technology transfer process by augmenting tertiary education, reducing the gender education disparity, enhancing the rate of female participation in labour force. Sustaining the economic growth which is based on productivity is important at accelerating the economic development of Asian developing countries. 2016 Thesis https://etd.uum.edu.my/6336/ https://etd.uum.edu.my/6336/1/s93160_01.pdf text eng public https://etd.uum.edu.my/6336/2/s93160_02.pdf text eng public Ph.D. doctoral Universiti Utara Malaysia Abramovitz, M. (1986). Catching-up, forgoing ahead, and falling behind. The Journal of Economic Theory, 46(2), 385–406. Abreu, M., De Groot, H. L. F., & Florax, R. J. G. M. (2004). Spatial patterns of technology diffusion: An empirical analysis using TFP. Tinbergen Discussion Paper, no. 04-079/3. Retrieved from http://www.tinbergen.nl/discussionpapers/ 04079.pdf Acaroglu, H., & Ada, A. A. (2014). The relation between human capital and economic growth in MENA countries. Journal of Public Administration and Governance, 4(3), 205–216. Acemoglu, D. (2000). Technical change, inequality and the labor market. Journal of Economic Literature, XL, 7–72. Adam, S. (1776). An inquiry into the nature and causes of the wealth of nations (1st edition). London: Strahan. Retrieved from 2012–12–07, volume via Google Books ADB. (2010). Asian 2050: Realizing the Asian Century. Asian Development Bank: Manila. ADB. (2011). Asia 2050: Realizing the Asian century. Manila: Philippines. Aghion, P., & Howitt, P. (1998). Endogenous growth theory. Cambridge, MA: MIT Press. Aghion, P., & Durlauf, S. (2007). From growth theory to policy design. Commission on Growth and Development Working Paper Series No. 57. Retrieved from http://www.growthcommission.org/storage/cgdev/ documents/gcwp057web.pdf Aghion, P., & Howitt, P. (2006). Appropriate growth policy: A unifying framework. Journal of the European Economic Association, 4, 269–314. Aghion, P., Boustan, L., Hoxby, C., & Vandenbussche, J. (2009). The causal impact of education on economic growth: Evidence from United States. In Romer, D. & Wolfers, J. (Eds.), Brookings Papers on Economic Activity: Conference Draft (pp. 1–74). Washington: Brooking Institution. Ahmed, E. M. (2011). Measuring the effects of labour productivity on ASEAN5 plus 3 Economic Growth. Journal of Business Management and Economics, 2(2), 069–074. Ainuddin, N., de Carvalho, M. G., Fan, P., Kelar, G., Munder, I., & Taeb, M., (2005). Revisiting women’s peticipation in acience and technology: Emerging challenges and agenda for reform policy report 2005. Retrieved from http://i.unu.edu/media/unu.edu/publication/28002/ WomenST_final.pdf Ang, J., Madsen J. B., & Islam, M. R. (2011). The effects of human capital composition on technological convergence. Journal of Macroeconomic, 33(3), 465–476. Anna, A. L., Chandler, G. N., Jansen, E., & Mero, N. P. (1999). Women business owner in traditional and non-traditional industries. Journal of Business Venturing, 15, 279–303. Asian Development Bank. (2010). Asian development outlook 2010 update: The future of growth in Asia. Mandaluyong City, Philippines: Asian Development Bank. Asian Development Outlook 2010. (2010). Macroeconomic management beyond the crisis. Manila: ADB Azariadies, C., & Draze, D. (1990). Threshold externalities in economic development. Quarterly Journal of Economics, CV, 500–526. Bairam, E. I., & Kulkolkarn, K. (2001). Human capital, production and growth in East Asia. University of Otago Discussion Paper No. 0106. Retrieved 9 April 2012, from http://eprints.otago.ac.nz/291/DP0106.pdf Balatchandirane, G. (2007). Gender discrimination in education and economic development: As study of Asia. Visiting Research Fellow Series No.426. Retrieved from http://www.ide.go.jp/English/Publish/Download/Vrf/ pdf/426.pdf Baltagi, B. H. (2005). Econometrics Analysis of Panel Data (3rd ed.). West Sussex, England: John Wiley & Sons, Ltd. Barro, R. J., (1991). Economic growth in a cross-section of countries. Quarterly Journal of Economics, 106(2), 407–443. Barro, R. J., (2001). Determinants of economic growth: A cross-country empirical study. Cambridge, Mass: the MIT Press. Barro, R. J., (2003). Determinants of economic growth in a panel of countries. Annals of Economics and Finance, 4(2), 231–274. Barro, R. J., & Lee, J-W. (1993). International comparison of educational attainment. Journal of Monetary Economics, 32, 363–394. Barro, R. J., & Lee, J-W. (1994). Sources of economic growth. Carnegie-Rochester Conference Series on Public Policy, 40, 1–46. Barro, R. J ,& Lee, J-W. (2001). International data on educational attainment: Updates an implication. Oxford Economic Papers, 53(3), 541–563. Barro, R. J., & Lee, J-W. (2013). A new data set of educational attainment in the world, 1950 – 2010. Journal of Development Economics, 104 (C), 184–198. Barro, R. J., & Sala-i-Martin. (1997). Economic growth. New York: McGraw Hill. Bascavusoglu, E. (2004). Patterns of technology transfer to the developing countries: differentiating between embodied and disembodied knowledge. Harvard University, mimeo. Basu, S., & Weil, D. N. (1998). Appropriate technology and growth. The Quarterly Journal of Economics, 113(4), 1025–1054. Becker, G. S. (1962). Investment in human capital: A theoretical analysis. The Journal of Political Economy, 70(5), Part 2, 9–49. Becker, G. S. (1964, 1975). Human capital. New York: Columbia University Press. Becker, G. S., Murphy, K. M., & Tamura, R. (1994). Human capital, fertility and economic growth. In Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (Eds.) (pp. 323–350). The University of Chicago Press. Benavot, A. (1989). Education, gender and economic development: A cross-national study. Sociology of Education, 62(1), 14–32. Benhabib, J., & Spiegel, M. (1994). The role of human capital in economic development evidence from aggregate cross – country data. Journal of Monetary Economics, 34(2), 143-173. Benhabib, J., & Spiegel, M. (2005). Human capital and technology diffusion. In Aghion, P., & Durlauf, S. N (Eds.), Handbook of Economic Growth (pp. 935–966). Amsterdam: Elsevier. Benovat, A. (1989). Education, gender, and economic development: A cross-national study. Sociology of Education, 62, 14–32. 176 Bils, M., & Klenow, P. (2000). Does schooling cause growth? American Economic Review, 90(5), 1160–1183. Borensztein, E., De Gregorio, J., & Lee, J-W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(1), 115–135. Bosworth, B., & Collins, S. M. (2008). Accounting for growth: Comparing China and India. Journal of Economic Perspective, 22(1), 45–66. Bosworth, B., & Collins, S. M. (2003). The empirics of growth: An update. Brooking Paper on Economic Activity, 34(2), 113–206. Busse, M., & Nunenkamp, P. (2009). Gender disparity in education and the international composition for foreign direct investment. Feminist Economics, 15(3), 61–90. Campos, N. F., & Kinoshita, Y. (2002). Foreign direct investment as technology transferred: Some panel evidence from the transition economies. Manchester School, 70(3), 398–419. Carl, E. P. (1985). Private sector research and technology transfer in Asian agriculture: Report on phase 1 aid grant OTR–0091–G–SS–4195–00. Economic Development Center, Bulletin number 85–5. Retrieved from http://pdf.usaid.gov/pdf_docs/pnabe694.pdf Caselli, F., & Esquivel, G., & Lefort, F. (1996). Reopening the convergence debate: A new look at cross-country growth empirics. Journal of Economic Growth, 1(3), 363–389. 177 Casseli, F., & Coleman, H. W., J. (2001). The U.S. structural transformation and regional convergence: A reinterpretation. Journal of Political Economy, 109(3), 584–616. Caselli, F., (2005). Accounting for cross–country income differences. In Agion, P., & Durflauf, S. N. (Eds.), Handbooks of Economic Growth (pp.679–741). Amsterdam: Elsevier. Coe, D., Helpman, E., & Hofffmaister, A. (1997). North-South spillovers. Economic Journal, 107(440), 134–149. Cohen, D., & Soto, M. (2007). Growth and human capital: Good data, good results. Journal of Economic Growth, 12(1), 51–76. Collins, S. M., & Bosworth, B. (1996). Economic growth in East Asia: Accumulation versus assimilation. Brookings Papers on Economic Activity, 2, 135–203. Cortright, J. (2001). New growth theory, technology and learning: A practitioner guide. Reviews of Economic Development Literature and Practice No. 4. Retrieved from http://www2.stat.unibo.it/mazzocchi/macroeconomia/Growth.pdf Crespo-Cuaresma, J., Foster, N., & Scharier, J. (2008). Barriers to technology adoption, international R&D spillovers and growth. Economic Bulletin, 3, 1–7. Crispolti, V., & Marconi, D. (2005). Technology transfer and economic growth in developing countries: An econometric analysis. (Temi di discussione del Servizio Studi No. 564). Retrieved from http://www.bancaditalia.it/pubblicazioni/econo/temidi/td05/td564_05/td564en/en _tema_564.pdf 178 Danquah, M., Quattara, O.,, & Speight, A. (2014). Productivity growth, human capital and distance to frontier in Sub-Saharan Africa. Africa Journal of Economic Development, 39(4), 27–48. De Jong, A., & Tsiachristas, A. (2008). Can labor force participation growth and productivity growth be combined? Spring Review by the SYSDEM Correspondent for the Netherlands. Retrieved from http://www.google.com.my/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&v ed=0CCAQFjAA&url=http%3A%2F%2Fwww.ape.nl%2Finclude%2Fdownload File.asp%3Fid%3D10&ei=a_NmVIMmlai5BLilgKAH&usg=AFQjCNGR9jgY BD-4muZJK0y75VUtQ5Kr3g&bvm=bv.79142246,d.c2E De la Fuente, A., & Domenech, R. (2006). Human capital in growth regressions: How much differences does data quality make? Journal of the European Economic Association, 4(1), 1–36. Denison E. F. (1979) Accounting for slower economic growth: The United States in the 1970s. Washington, DC: Brookings Institution. Di Liberto, A., Pigliaru, F., & Chelucci, P. (2011). International TFP dynamics and human capital stocks: A panel data analysis, 1960–2003. Review of Income and Wealth, 57(1), 156–182. Dollar, D., & Gatti, R. (1999). Gender inequality, income and growth: Are good times good for women? Policy Research Report on Gender and Development Working Paper Series No. 1. Retrieved from http://siteresources.worldbank.org/INTGENDER/Resources/wp1.pdf Doms, M., Dunne, T., & Troske, K. (1997). Workers, wages and technology. The Quarterly Journal of Economics, 112(1), 253–290. 179 Easterly, W., & Levine, R. (2001). It’s not factor accumulation: Stylized facts and growth models. World Bank Economic Review, 15, 177–219. Eaton, J., & Kortum, S. (1996). Measuring technology diffusion and the international sources of growth. Eastern Economic Journal, 22, 401–410. Eaton, J., & Kortum, S. (1999). International patenting and technology diffusion: theory and evidence. International Economic Review, 40(3), 537-570. Elborgh-Woytek, K., Newiak, M., Kochhar, K., Fabrizio, S., Kpodar, K., Wingender, P.,… Schwartz, G. (2013). Women, work, and the economy: Macroeconomic gains from gender equity. IMF Staff Discussion Note SDN/13/10. Retrieved from https://www.imf.org/external/pubs/ft/sdn/2013/sdn1310.pdf Engelbrecht, H. J. (1997). International R&D spillovers, human capital and productivity in OECD economies: An empirical investigation. European Economic Review, 41, 1479–1488. Engelbrecht, H. J. (2002). Human capital and international knowledge spillovers in TFP growth of a sample of developing countries: An exploration of alternative approaches. Applied Economics, 34, 831–841. Etzkowitz, H., Gupta, N. & Komelgor, C. (2010). The gender revolution in science and technology. Journal of International Affairs, 64(1), 83–89. Fagerberg, J. (1994). Technology and international differences in growth rates. Journal of Economic Literature, XXXII, S1147–S1175. Felipe, J. (1997). Total factor productivity growth in East Asia: A critical survey. Asian Development Bank Paper, no. 65. Retrieved from https://ideas.repec.org/p/fth/asdbed/65.html 180 Fernandez-Arias, E., Rodolfo M., & Juan S. B. (2005). Why Latin America is falling behind. (pp. 3–54) in Eduardo Fernandez-Arias, Rodolfo Manuelli, and Juan Blyde (eds.), Sources of Growth in Latin America: What is Missing? Washington, D.C.: Interamerican Development Bank. Foster, A. D., & Rosenzweig, M. (1996). Technical change and human capital returns and investments: Evidence from the green revolution. American Economic Review, 86, 931–953. Frobes, K. J. (1998). A reassessment of the relationship between inequality and growth. American Economic Review, 90(2000), 869 – 887. Gemmell, N. (1996). Evaluating the impacts of human capital stocks and accumulation on economic growth: Some new evidence. Oxford Bulletin of Economics and Statistics, 58(1), 9–28. Gerschenkron, A. (1962). Economic backwardness in historical perspective. Cambridge: Balknap Press of Harvard University Press. Gollin, D. (2002). Getting income shares right. Journal of Political Economy, 110(2), 458–474. Griffith, R., Redding, S., & Van Reenen, J. (2003). R&D and absorptive capacity: theory and empirical evidence. Scandinavian Journal of Economics, 105(1), 99–118. Griffith, R., Redding, S., & Van Reenen, J. (2004). Mapping the two faces of R&D: productivity growth in a panel of OECD industries. Review of Economic and Statistics, 86(4), 883–895. Grossman, G. M., & Helpman, E. (1991). Trade, innovation, and growth. The American Economic Review, 80(2), 86–91. 181 Grossman, G. M., & Helpman, E. (1991). Trade, knowledge spillovers, and growth. European Economic Review, 35(2-3), 517–526. Ha, J., Kim, Y. J., & Lee, J. W. (2009). Optimal structure of technology adoption and creation: Basic versus development research in relation to the distance from the technological frontier. Asian Economic Journal, 23(2), 373–395. Haggard , S., & E. Kim (1997) The sources of East Asia’s economic growth. Access Asia Review, 1(1), 35–72. Hall, R. E. & Jones, C. I. (1999). Why do some countries produce so much more output per worker than others? The Quarterly Journal of Economics, 114(1), 83–116. Hanushek, E. A., & Woesmann. (2011). How much do educational outcomes matter in OECD countries? Economic Policy, 26(67), 427–491. Harberger, A. (1978). Perspectives on capital and technology in less developed countries. In M. J. Artis and A. R. Nobay (Eds.), Contemporary Economic Analysis (p.42–72). London: Croom Helm. Hassan, G. M., & Cooray, A. (2013). Effects of male and female education on economic growth: Some evidence from Asia using the extreme bounds analysis. Working Papers in Economics 13/10. Retrieved from ftp://mngt.waikato.ac.nz/RePEc/wai/econwp/1310.pdf Hausman, J. A. (1978). Specification tests in econometrics. Econometrica, 46(6), 1251–1271. Hayami, Y., & Ruttan, V. W. (1971). Agricultural development: An international perspective. The Johns Hopkins University Press: Baltimore. 182 Heston, A., Summers, R., & Aten, B. (2012). Penn World table version 7.1. Retrieved from http://pwt.econ.upenn.edu/php_site/pwt_index.php Hoekman, B. M., Maskus, K. E., & Saggi, K. (2005). Transfer of technology to developing countries: Unilateral and Multilateral policy options. World Development, 33(10), 1587–1602. Holz, C. A. (2006). Measuring Chinese productivity growth, 1952–2005. Mimeo, Social Science Division, Hong Kong University of Science and Technology. Retrieved 30 May 2013, from http://dx.doi.org/10.2139/ssrn.928568 Howitt, P., & Mayer-Foulkes, D. (2005) R&D, implementation, and stagnation: A Schumpeterian theory of convergence clubs. Journal of Money, Credit and Banking, 37(1), 147–177. Howitt, P. (2000). Endogenous growth and cross-country income differences. The American Economic Review, 90(4), 829–846. Hsiao, C. (1986). Analysis of panel data. Cambridge University Press: Cambridge. Hsieh, C-T. (2002). What explains the industrial revolution in East Asia? Evidence from the factor markets. American Economic Review, 92(3), 502–526. Islam, N. (1995). Growth empirics: A panel data approach. The Quarterly Journal of Economics, 110(4), 1127–1170. Islam, M. R. (2009). R&D intensity, technology transfer and absorptive capacity. (Monash Economics Working Paper 13-09). Retrieved from Department of Economics, Monash University website: www.buseco.monash.edu.au/eco/.../2009/1309intensityislam.pdf 183 Iwata, S., Khan, M., & Murao, H. (2003). Sources of economic growth in East Asia: A nonparametric analysis. International Monetary Fund Staff Papers, 50(2), 157–177. Jones, C. I. (1995). R&D based models of economic growth. Journal of Political Economy, 137, 759–784. Judson, R. (2002). Measuring human capital like physical capital: What does it tell us? Bulletin of Economic Research, 54(3), 209–231. Kalaitzidakis, P., Mamuneas, T. P., Savvides, A., & Stengos, T. (2001). Measures of human capital and nonlinearities in economic growth. Journal of Economic growth, 6, 229–254. Keller, R. T. (1994). Technology-information processing fir and the performance of R&D project group: A test of contingency theory. Academy of Management Journal, 37(1), 167–179. Keller, W. (1996). Absorptive capacity: On the creation and acquisition of technology in development. Journal of Development Economics, 49(1), 199–227. Keller, W. (2004). International technology diffusion. Journal of Economic Literature, 42 (3), 752–782. Kim, J-I., & Lau L-J. (1994). The sources of economic growth of the East Asian newly industrialized countries. Journal of the Japanese and International Economies, 8(3), 235–271. Kim, J-I., & Lau, L-J. (1995). The role of human capital in the economic growth of the East Asian Newly Industrialized Countries, Asia-Pacific Economic Review, 1(3), 3–22. 184 Kim, J-I., & Lau, L-J. (1996). The sources of Asian Pacific economic growth. Canadian Journal Economic, 29, S448–S454. Kim, J-I. (2001). Total factor productivity in East Asia: Implications for the future. Asian Economic Papers, 1(2), 50–70. Kim, Y-J., & Terada-Hagiwara, A. (2010). A survey on the relationship between education and growth with implications for developing Asia. ADB Economics Woking Paper Series 236. Retrieved from http://dx.doi.org/10.2139/ssrn.1751825 Klenow, D. J., & Rodriguez-Clare, A. (1997). Economic growth: A review essay. Journal of Monetary Economics, 40(3), 597–617. Klenow, S., Lorgelly, P. K., & Owen, P. D. (2002). Are educational gender gaps a brake on economic development? Some cross-country empirical evidence. Oxford Economic Papers, 54(1), 118–149. Kmenta, J. (1986). Elements of econometrics. New York: Macmillan Publishing Company. Kneller, R., & Steven, P. A. (2006). Frontier technology and absorptive capacity: Evidence from OECD manufacturing industries. Oxford Bulletin of Economics and Statistics, 68(1), 1–21. Kneller, R. (2005). Frontier technology, absorptive capacity and distance. Oxford Bulletin of Economics and Statistics, 67(1), 1–23. Krueger, A. B., & Lindahl, M. (2001). Education for growth: Why and for whom? Journal of Economic Literature, 39(4), 1101–1136. Krugman, P. (1994). The myth of East Asian miracle. Foreign Affairs, 73(6), 28–44. 185 Kwark, N.S., & Shyn, Y. S. (2006). International R&D spillovers revisited: Human capital as an absorptive capacity for foreign technology. International Economic Journal, 20(2), 179–196. Lance, C. E. (1988). Residual centering, explanatory and confirmatory moderator analysis, and decomposition of effects in path models containing interactions. Applied Psychological Measurement, 12(2), 163–175. Lau, L., & Park, J. (2003). The sources of East Asian economic growth revisited. Conference on International and Development Economics in Ithaca. Retrieved from: http://www.stanford.edu/~ljlau/RecentWork/RecentWork/030921.pdf Lee, J. W., & Hong, K. (2010). Economic growth in Asia: Determinants and prospects. (ADB economics Working Paper Series No.224). Retrieved from Asia Development Bank website: http://www.asiandevbank.org/documents/workingpapers/ 2010/economics-wp220.pdf Lee, J. W. (2001) Educational for technology readiness: Prospects for developing countries. Journal of Human Development, 2(1), 115–151. Lee, L. W., & Francisco, R. (2010), Human capital accumulation in emerging Asia, 1970-2030. ADB Economics Working Paper Series No. 216. Retrieved from http://dx.doi.org/10.2139/ssrn.1678386 Leoning, J. L. (2005). Effects of primary, secondary, and tertiary education on economic growth: Evidence from Guatemala. Policy Research Working Paper Series 3610. Retrieved from http://elibrary.worldbank.org/doi/pdf/10.1596/1813- 9450-3610 Levine, R., & Renelt, D. (1992). A sensitivity analysis of cross–country growth regression. The American Economic Review, 82(4), 942–963. 186 Liberto, A. D., Pigliaru, F., & Chelucci, P. (2011). International TFP dynamics and human capital stocks: A panel data analysis, 1960–2003. Review of Income and Wealth, 57(1), 156–182. Little, T.D., Bovaird, J. A., & Willian, K. F. (2006). On the merits of orthogonalizing powered and product terms: Implications for modelling latent variable interactions. Structural Equation Modeling, 13, 479–519. Ljung, J., & Nilson, A. (2009). Human capital and economic growth: Sweden 1870–2000. Cliometrica, 3(1), 71–95. Lloyd, C. B., Meter, C., & Sathar, Z. A. (2005) The effect of gender differences in primary school access, type, and quality on the decision to enroll in rural Pakistan. Economic Development and Structural Change, 53(3), 685–710 . Lorgelly, P. K., & Owen, D. P. (1999). The effect of female and male schooling on economic growth in the Barro-Lee model. Empirical Economics, 24(3), 537–557. Lucas, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22, 3–42. Lucas, R. E., Jr. (1990). Why doesn’t capital flow from rich to poor countries? American Economic Review, 80, 92–96. Lutz, W., Goujon, A., Samir, K. C., & Sanderson, W. (2007). Reconstruction of population by age, sex and level of educational attainment for 120 countries for 1970 – 2000. Vienna Yearbook of Population Research 2006, 19–235. Madsen, J., Islam, M., & Ang, J. (2010). Catching-up to the technology frontier: the dichotomy between innovation and imitation. Canadian Journal of Economics, 43(4), 1389–1411. 187 Mammen, K., & Paxson, C. (2000). Women’s work and economic devlopment. The Journal of Economic Perspective, 14(4), 141–164. Manca, F. (2009). Technology Catching-up and the role of institutions. Research Institute of Applied Economics 2009 Working Papers 2009/12. Retrieved from http://www.ub.edu/irea/working_papers/2009/200912.pdf Manca, F. (2010). Technology catch-up and the role of institutions. Journal of Macroeconomics, 32(4), 1041–1053. Manca, F. (2011). The farthest needs the best. Human capital composition and development specific economic growth. DEGIT Conference Papers no. c016_048. Retrieved from: http://www.degit.ifwkiel. de/papers/degit_16/c016_048.pdf Manfield, E. (1975). East–West technology transfer issues and problems, international technology transfer forms, resource requirements and policies. American Economic Review, 65(2), 372–376. Mankiw, N., Romer, D., & Weil, D. (1992). A contribution to the empiric of economic growth. Quarterly Journal of Economics, 107(2), 407–437. Mansfield, E., Schwartz, M., & Wagner, S. (1981). Imitation costs and patents: An empirical study. The Economic Journal, 91(364), 907– 918. Marshall, M. G. (2013). Major episodes of political violence (MEPV), 1946–2012. Fairfax, VA: Center for Systemic Peace, George Mason University. Marshall, M. G., Jaggers, K., & Gurr, T. R. (2011). Polity IV Project: Dataset user manual. Arlington: Polity IV Project. 188 Mayer, J. (2001). Technology diffusion, human capital and economic growth in developing countries. UNCTAD Discussion Paper No.154. Retrieved from United Nations Conference on Trade and Development website: http://www.unctad.org/en/docs/dp_154.en.pdf McMahon, W. (1998). Education and growth in East Asia. Economics of Education Review, 17, 159 – 172. Miller. S. M., & Upadhyay, M. P. (2000). The effects of openness, trade Orientation, and human capital on total factor productivity. Journal of Development Economics, 63(2), 399–423. Mincer, J. (1962). Labor force participation of married women: A study of labor supply. In H. G. Lewis (Eds.), Aspects of Labor Economics (pp. 63–97). Princeton: Princeton University Press. Mincer, J. (1974). Schooling, experience and earnings. National Bureau of Economic Research, New York: Columbia University Press. Narula, R., & Marin, A. (2003). FDI spillovers, absorptive capacities and human capital development: Evidence from Argentina. MERIT memorandum 2003–016. Retrieved from http://digitalarchive.maastrichtuniversity.nl/fedora/get/guid:781e369f-4fba-49f4- a282-44ecaf015036/ASSET1 Nehru, V., & A. Dhareshwar. (1993). A new database on physical capital stock: Sources, methodology, and results. Rivista de Analisis Economico, 8, 37–59. Nehru, V., Swanson, E., & Dubey, A. (1995). A new database on human capital stock: Sources, methodology and results. Revista de Analisis Economico, 8(1), 37–59. 189 Nelson, R. R. (2005). Technology, Institutions and Economic Growth. Cambridge, Mass.: Harvard University Press. Nelson, R. R., & Park, H. (1999). The Asian miracle and modern growth theory. The Economic Journal, 109(457), 416–436. Nelson, R. R., & Phelps, E. S. (1966). Investment in Humans, Technological Diffusion, and Economic Growth. The American Economic Review, 56(1/2), 69–75. Oxley, L., Le, T., & Gibso, J. (2008). Measuring human capital: Alternative methods and international evidence. Korean Economic Review, 24(2), 283–344. Papakonstantinou, M. (2014). Composition of human capital, distance to the frontier and productivity. IARIW 33rd General Conference. Retrieved 21 December 2014, from http://www.iariw.org/papers/2014/PapakonstantinouPaper.pdf Papageorgiou, C. (2002). Technology adoption, human capital, and growth theory. Review of Development Economics, 6(3), 351–368. Park, D., & Park, J. (2010). Drivers of developing Asia’s growth: Past and future. ADB Economics Working Paper Series 235. Retrieved from http://dx.doi.org/10.2139/ssrn.1743188 Park, J. (2010). Projection of long-term total factor productivity growth for 12 Asian economies. ADB Economics Working Paper Series No. 227. Retrieved from http://bibpurl.oclc.org/web/40920/2010/Economics-WP227.pdf Park, J-S., & Ryu, H. (2006). Accumulation, technical progress, and increasing returns in the economic growth of East Asia. Journal of Productivity Analysis, 25(3), 243–255. 190 Pigliaru, F., (2003). Detecting technological catch-up in economic convergence. Metroeconomica, 54(2-3), 161–178. Pritchett, L. (2001). Where has all the education gone? The World Bank Economic Review , 15(3), 367–391. Psacharopoulos, G. (1994). Returns to investment in education: A global update. World Development, 22(9), 1325–1343. Psacharopoulos, G., & Ariagada, A. M. (1986). The educational comparison of the labor force: An international comparison. International Labor Review, 125(5), 561–574. Psacharopoulos, G., & Patrinos, H. A. (2004). Returns to investment in education: A further update. Education Economics, 12(2), 111–134. Ramanathan, K. (2009). An overview of technology transfer and technology transfer models. A Paper prepared for the Asian and Pacific Centre for Transfer of Technology (APCTT). Retrieved from: http:// www.technology4sme.net. Rebelo, S. (1991). Long-run policy analysis and long-run growth. Journal of Political Economy, 99, 500–521. Ricardo, D. (1951–1973). The works and correspondence of David Ricardo, edited by Piero Sraffa with the collaboration of Maurice H. Dobb. II Vols. Cambridge: Cambridge University Pree, in the text referred to as Works. Roessner, J. D. (2010). Technology transfer. In Hill, C. (Ed.), Science and Technology Policy in the US, A time of Change. Longman: London. Rogers, E. M. (1995). Diffusion of innovations. (4th ed.). New York: Free Press. 191 Romer, P. M. (1986). Increasing returns & long–run growth. Journal of Political Economy, 94(5), 1002–1037. Romer, P. M. (1989). Human capital and growth: Theory and evidence. Carnegie- Rochester Conference Series on Public Policies, 32, 251–286. Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98(5), S71–S102. Saavedra, J. E., & Garcia, S. (2012). Impacts of conditional cash transfer programs on educational outcomes in developing countries: a Meta analysis. RAND Labor and Population Working Paper Series, WR-921-1. Retrieved from https://www.rand.org/content/dam/rand/pubs/working_papers/2012/RAND_WR 921-1.pdf Sala-i-Martin, X. (2002). 15 years of new growth economics: What have we learnt? Journal Economía Chilena , 5(2), 5–15. Sarel, M. (1996). Growth in East Asia: What we can and what we cannot infer. IMF Economic Issues, No.1, 237–259. Savvides, A., & Zachriadis, M. (2005). International technology diffusion and the growth of TFP in the manufacturing sector of developing economies. Review of Development Economics, 9(4), 482–501. Savvides, A., & Zaxhapiadis, m. (2003). International technology diffusion an the growth of TFP in the manufacturing sector of developing economies. Review of Development Economics, 9(1), 482–501. Scherer, F. M. (1999). New perspectives on economic growth and technological innovation. Washington DC: Brooking Institution Press. 192 Schultz, T. P. (1993) Returns to women’s schooling. In Elizabeth King and M Anne Hill (eds.), Education in developing countries: barriers, benefits, and policy. Baltimore: Johns Hopkin University Press. Schultz, T. P. (1998). Eroding the economic foundations of marriage and fertility in the United States. Structural Change and Economic Dynamics, 9(4), 391–413. Schultz, T. P. (2002). Wage gains associated with height as a form of health human capital. American Economic review, 9(2), 349–353. Schultz. T W. (1960). Capital formation by education. Journal of Political Economy, 68(6), 571–583. Schultz, T. W. (1961). The investment in human capital. American Economic Review, 5(1), 1–17. Schumpeter, J. A. (1954). History of economic analysis. Oxford: Oxford University Press. Self, S., & Grabowski, R. (2004). Does education at all levels cause growth? India, a case study. Economics of Education Review, 23(1), 47–65. Solow, R. M. (1956). A contribution to the theory of economic growth. The Quarterly Journal of Economics, 70(1), 65–94. Solow, R. M. (1957). Technical change and the aggregate production function. Review of Economics and Statistics, 39(3), 312–320. Souder, W. (1987). Managing new product innovations. Lexington, MA: Lexington. Stokey, N. (1994). Sources of economic growth: Comments on Barro and Lee. Carnegie-Rochester Conference Series, 40, 47–57. Swan, W. (1956). Economic growth & capital accumulation. The Economic Record, 32, 334–361. Taeb, M., Munder, I., Kelar, G., an, P., de Carvalho, M. G., & Aunuddin, N. (2005).Revisiting women’s participation in science and technology: emerging challenges and agenda for reform policy report 2005, United Nations University. Tran, T. V. (2013). The middle-income trap: Issues for members of the Associations of Southeast Asia Nations. ADB Institute Paper No. 421. Retrieved from http://www.adbi.org/files/2013.05.16.wp421. middle.income.trap.issues.asean.pdf Ucan, E. (2013). Increasing girls’ secondary education attainment in Turkey. Retrieved from http://isites.harvard.edu/fs/docs/icb.topic1203150.files/Panel%202%20-%20Finishing%20the%20Treatment/ Elif%20Ucan_GirlsSecondaryEdTurkey_Conference%20 Paper.pdf UNCTAD. (2012). Foreign direct investment database. World Investment report Interactive Database. Retrieved 11 May 2012, from http://www.unctad.org UNESCO. (1993). World Education Report. France: UNESCO. UNDP. (2010). The real wealth of nations: Pathways to human development. Human development Report. Palgrave Macmillan, New York. Vandenbussche, J., Aghion, A., & Meghir, C. (2006). Growth distance to frontier and composition of human capital. Journal of Economic Growth, 11(2), 97–127. World Bank. (1994). Enhancing women’s participation in economic development. Washington DC: World Bank. World Bank. (2008). Global economic prospects: Technology diffusion in the developing World. Washington: The World Bank. World Development Indicators. (2011). Retrieved from http://data.worldbank.ord/data-catalog/world development_indicators Xu, B. (2000). Multinational enterprises, technology diffusion, and host country productivity growth. Journal of Development Economics, 62, 477–493. Yamarik, S. & Ghosh, S. (2004). Are regional trading arrangement trade creating? : An application of extreme bound analysis. Journal of International Economics, 63(2), 369–395. Young, A. (1992). A tale of two cities: Factor accumulation and technical change in Hong Kong and Singapore. In NBER Macroeconomics Annual 1992, ed. Olivier Blanchard and Stanley Fischer (pp. 13–53). Cambridge, Mass.: MIT Press. Young, A. (1994). Lessons from the East Asian NICs: A contrarian View. European Economic Review, 38, 964–973. Young, A. (1995). The tyranny of numbers: confronting the statistical realities of the East Asian growth experience. Quarterly Journal of Economics, 110(3), 641–680.