Empirica – Journal of European Economics

Sponsored by the Austrian Economic Association and the Austrian Institute of Economic Research

Empirica publishes empirical and theoretical work on all economic aspects of European Integration. The topics may range from all challenges concerning the deepening of the European Union (Single Market, Lisbon Agenda, EMU) to enlargement and the external relations of the EU (globalisation).

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Tinatin Akhvlediani, Andrzej Cieślik
Human capital, technological progress and technology diffusion across Europe: education matters
Empirica, 2020, 47(3), S.475-493, http://www.springer.com/10663
The paper examines the impact of human capital on the growth of total factor productivity in European countries. Using the modified Nelson-Phelps framework, we estimate regressions based on panel data for the period 1950-2014, measured as 5-year averages. The GMM estimates show the positive and statistically significant effects of human capital on technological progress and diffusion. However, the results do not favour the convergence of all countries in the sample to the technological frontier. In addition to countries that are not yet members of the EU, our estimates suggest that peripheral EU countries have a weak convergence rate due to insufficient investment in human capital.
Forschungsbereich:Arbeitsmarkt, Einkommen und soziale Sicherheit

Managing Editor

Univ.-Prof. MMag. Dr. Harald Oberhofer

Funktion: Ökonom (Senior Economist), Managing Editor Empirica
Forschungsbereiche: Industrieökonomie, Innovation und internationaler Wettbewerb