Determinants of Technical Progress: An Empirical View
by
Eberhard Scholing and Vincenz Timmermann

Summary

   This paper starts with an overview of studies dealing with economic determinants of technical progress beginning with Alois Schumpeter and going to authors of present times. After that, we present an alternative measure of technical progress and its economic determinants. Our attempt to render the concept of technical progress an operable one is based on a path model, in which technical progress is specified as a latent variable, indirectly measured by observable input and output indicators. The procedure used here may offer new possibilities of stressing the role of technical progress in empirical work on economic growth.

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