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http://hdl.handle.net/10419/65791
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| Title: | | Heterogeneous ideas production and endogenous growth: An empirical investigation  |
| Authors: | | Luintel, Kul B. Khan, Mosahid |
| Issue Date: | | 2008 |
| Series/Report no.: | | Cardiff Economics Working Papers E2008/29 |
| Abstract: | | We examine the dynamics of ideas production and knowledge-productivity relationship in a panel of 19 OECD countries. A new data set of triadic patents is used. We rigorously address the issues of cross-country heterogeneity and endogeneity. Domestic and foreign ideas stocks exert positive but heterogeneous effects on ideas production. We find evidence of duplicate R&D but little support for endogenous growth. Countries with low domestic ideas bases could considerably improve productivity through ideas accumulation; however, this effect is modest for countries with sizeable ideas bases. An implication is that country-specific R&D policy appears potentially more effective than the one-size-fits-all approach. |
| Subjects: | | Knowledge Stocks Dynamic Heterogeneity TFP Methods of Moments |
| JEL: | | F12 F2 O3 O4 C15 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Cardiff Economics Working Papers
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