Template-type: ReDIF-Paper 1.0
Author-Name: Antonelli, Cristiano
Author-Email: cristiano.antonelli@unito.it
Author-Name: Quatraro, Francesco
Author-Email: francesco.quatraro@unice.fr
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Directed Technological Change and Total Factor Productivity. Effects and Determinants in a Sample of OECD Countries, 1971 – 2001.
Abstract:Technological change is far from neutral. The empirical analysis of the rate and direction of technological 
change in a significant sample of 10 OECD countries in the years 1971-2001 confirms the strong bias of new technologies 
and its effects on the actual levels of total factor productivity.
This is not surprising for two reasons. First, because the introduction of new and biased technologies can be 
considered as the result of a clear inducement mechanism exerted by the characteristics of factor markets.
Second, because the introduction of radical innovations, such as new information and communication technologies, 
provides innovators with a strong competitive advantage and feeds the creative destruction of old incumbents. 
Imitators, especially if based in other factor markets, can try and resist the decline by means of the systematic effort to adapt them to the
structure of local endowment. The bias effect is the ultimate result of their creative adoption.
Length: 26 pages
Creation-Date: 2007-07
File-URL:http://www.est.unito.it/do/home.pl/Download?doc=/allegati_wp/wp2007dip_l_b/11_wp_momigliano.pdf
File-Format: Application/PDF
Handle: RePEc:uto:labeco:200711