Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212104 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Bank of Finland Research Discussion Papers No. 13/2008
Verlag: 
Bank of Finland, Helsinki
Zusammenfassung: 
We estimate a standard production function with a new cross-country data set on business sector production, wages and R&D investment for a selection of 14 OECD countries including the United States. The data sample covers the years 1960-2004. The data suggest that growth differences can largely be explained by capital deepening and an ability to produce new technology in the form of new patents. The importance of patents is magnified by the openness of the economy. We find some evidence of increasing elasticity of substitution over time, all though the results are sensitive to assumptions on the nature of technological progress.
Schlagwörter: 
growth
R&D
production function
patents
JEL: 
O40
E10
O43
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-462-443-5
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
844.26 kB





Publikationen in EconStor sind urheberrechtlich geschützt.