Assessing the Magnitude of Globalization-induced Technology Flows in Expanded EU-sample: A Multi-channel Approach

The paper is devoted to exploration of globalization impact on the Total Factor Productivity on selected EFTA and EU member and candidate countries. Based on the constructed longitudinal data, we conclude that globalization spurs TFP with overall elasticity more than one. Interferences report that when controlling for changes in domestic R&D expenditures and social changes the largest part of the overall impact is imputable to import. Furthermore, our results suggest that social manifestations of globalization might be at least as important as R&D expenditures in all sampled social regimes except the liberal one.