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Title:Heterogeneous ideas production and endogenous growth: An empirical investigation PDF Logo
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, Cardiff Business School, Cardiff University

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