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We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging … on long-term growth, but they did not examine the effect of R&D due to data unavailability. We extend these studies by …&D exerts a positive effect on long-term growth with posterior inclusion probability of 0.25 using our preferred parameter and …
Persistent link: https://www.econbiz.de/10009148924
We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging … on long-term growth, but they did not examine the effect of R&D due to data unavailability. We extend these studies by …&D exerts a positive effect on long-term growth with posterior inclusion probability of 0.25 using our preferred parameter and …
Persistent link: https://www.econbiz.de/10010322301
We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging … on long-term growth, but they did not examine the effect of R&D due to data unavailability. We extend these studies by …&D exerts a positive effect on long-term growth with posterior inclusion probability of 0.25 using our preferred parameter and …
Persistent link: https://www.econbiz.de/10009152586
Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...
Persistent link: https://www.econbiz.de/10011378136
. Its purpose is to model the future of scientific knowledge monopoly in order to understand whether the impressive growth …
Persistent link: https://www.econbiz.de/10011410038
institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies … foster economic growth when voice and accountability are in place; broad-based rule of law is enforced with secure property …
Persistent link: https://www.econbiz.de/10011532389
, quality of life indicators and economic growth in the Italian regions. Previous studies stress the importance of institutional … literature, we consider a three-sector model of semi-endogenous growth with negative externalities depending on structural and … translation of innovation into economic growth. It is suggested that generating a development strategy designed to improve social …
Persistent link: https://www.econbiz.de/10009370176
Lack of access to finance is often cited as a key reason for why poor people remain poor. This Paper uses data on the Indian rural branch expansion programme to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank could open a...
Persistent link: https://www.econbiz.de/10005792249
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10008642886
-institutional conditions, quality of life indicators and economic growth in the Italian regions. Previous studies stress the importance of … on this literature, we consider a three-sector model of semi-endogenous growth with negative externalities depending on … the successful translation of innovation into economic growth. It is suggested that generating a development strategy …
Persistent link: https://www.econbiz.de/10009151585