Productivity and technological externalities: Study based on a dynamic panel model for developing countries

The objective of this paper is to examine the effect trade and financial openness, through technology transfer channel, on total factor productivity (TFP) in a panel developing countries between 1988 2014. According growing body literature subject, there strong link openness eco-nomic growth, but are technological externalities key element for countries? To answer question, we resorted dynamic data modeling, thus allowing us detect eventual impact. main results our study show positive significant exports technol-ogy conveyed by foreign TFP. As imports goods, apart from those with high content, they have negative effect. How-ever, identification human capital direct invest-ment far obvious. that statis-tically insignificant