Measuring Technological Heterogeneity Across Industries

Abstract

The purpose of this paper is to measure the value of the capital per  growth at Turkish manufacturing industry within the years of 1980-2011 by applying an econometric model that account for cross-section dependence and heterogeneity of production technology in a panel setting. That is the common correlated effects (CCE) type estimator of Pesaran is applied. According to the findings of the study, individual industry regression results convey apparent technology heterogeneity across the industries.