Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174117
Authors: 
Luintel, Kul Bahadur
Khan, Mosahid
Year of Publication: 
2016
Series/Report no.: 
Cardiff Economics Working Papers E2016/4
Abstract: 
There has been a concomitant rise in R&D and the rate of economic growth in emerging countries. Analyzing a panel of 31 emerging countries, we find convincing evidence of scale effects which make government policies potent for long-run growth. This contrasts sharply with the well known findings of Jones (1995a). Innovations show increasing returns to knowledge stock, implying that the diminishing returns assumed by some semi-endogenous growth models might not be generalized. International R&D spillovers raise the innovation bar. The observed growth rates of emerging economies appear in transition therefore their growth rates may recede with the passage of time.
Subjects: 
Scale Effects
Ideas Production
Diffusion
Panel Integration and Cointegration
JEL: 
O3
O4
O47
Document Type: 
Working Paper

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