SEMI-ENDOGENOUS VERSUS SCHUMPETERIAN GROWTH MODELS: TESTING THE KNOWLEDGE PRODUCTION FUNCTION USING INTERNATIONAL DATA

Using various indicators of innovative activity and product variety in the OECD countries over the past century, this paper tests whether first- and second-generation models of economic growth are consistent with the data over time and across countries. The estimation results give evidence in favour of Schumpeterian models while the semi-endogenous growth theories are not consistent with the data.

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Year of publication:	2007
Authors:	Madsen, Jakob B. ; EPRU ; FRU
Institutions:	Department of Econometrics and Business Statistics, Monash Business School
Subject:	Schumpeterian growth theory \| semi-endogenous growth theory

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Extent:	application/pdf
Series:	Monash Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 26-07 45 pages
Classification:	O3 - Technological Change; Research and Development ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005064053