Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data
Abstract
Using various indicators of innovative activity and product variety in the OECD countries over the past century, this paper tests first- and second-generation models of economic growth. The estimation results give evidence in favour of Schumpeterian models, while the semi-endogenous growth theories are shown not to be consistent with the...
Paper Details
Title
Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data
Published Date
Dec 19, 2007
Journal
Volume
13
Issue
1
Pages
1 - 26
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