國家間에 技術革新收劍速度測定에 관한 硏究 = 韓國ㆍ美國ㆍ日本, 中國을 中心으로

다국어 초록 (Multilingual Abstract)

The purpose of this study is to analyze whether or not technology convergence exists by considering the possibility of nonlinearity relations rather than the currently common used linearity relations. We find the deviation from the technology equilibrium level is highly persistent and has quite long half-lives under the assumption of a linear adjustment of technology convergence among four countries. The results of the analysis can be summarized in the following three theses: (1) we could identify the nonlinearity relations in the technology gap among countries. (2) If the data generating process is autoregressive lagl process in the analysis of the technology gap in the grand total economy, the technology convergence between the two countries in the total sector could be identified. (3) Lastly, the empirical result of speed of technology convergence level in the grand total case under nonlinear restrictions is indeed faster than what is found in the adjustment speed with linear restrictions (i.e. 47 years vs. 4.6 years).