Capabilities, economic development, sustainability | Zendy

Jan Fagerberg | Zendy; Martin Srholec | Zendy

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Capabilities, economic development, sustainability

Author(s) -

Jan Fagerberg,

Martin Srholec

Publication year - 2017

Publication title -

cambridge journal of economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.261

H-Index - 83

eISSN - 1464-3545

pISSN - 0309-166X

DOI - 10.1093/cje/bew061

Subject(s) - sustainable development , sustainability , economics , composite indicator , environmental economics , cover (algebra) , set (abstract data type) , economic indicator , business , economic system , public economics , computer science , macroeconomics , engineering , political science , ecology , mechanical engineering , biology , law , programming language

The capability concept is commonly used in analyses of firms; however, as this paper shows, it may also be used at the level of nations. Factor analysis is used on a broad set of relevant indicators to derive composite measures of national technological and social capabilities. The data cover 114 countries worldwide on different levels of development for the period 1995–2013. The paper then analyses the relationships between these capability measures and economic development, defined in various ways, and controlling for other relevant factors. The results suggest that improving national technological and social capability is a must for achieving (sustainable) economic development and improving living conditions.

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