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Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
Cardiff Economics Working Papers No. E2016/4
Verlag: 
Cardiff University, Cardiff Business School, Cardiff
Zusammenfassung: 
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.
Schlagwörter: 
Scale Effects
Ideas Production
Diffusion
Panel Integration and Cointegration
JEL: 
O3
O4
O47
Dokumentart: 
Working Paper

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