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Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data

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  • Jakob Madsen

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Abstract

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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File URL: http://hdl.handle.net/10.1007/s10887-007-9024-0
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Bibliographic Info

Article provided by Springer in its journal Journal of Economic Growth.

Volume (Year): 13 (2008)
Issue (Month): 1 (March)
Pages: 1-26

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Handle: RePEc:kap:jecgro:v:13:y:2008:i:1:p:1-26

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Web page: http://www.springerlink.com/link.asp?id=102931

Related research

Keywords: Schumpeterian growth theory; Semi-endogenous growth theory; O3; O4;

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As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Madsen et al.: Four centuries of British economic growth: The roles of technology and population
    by David Stern in Stochastic Trend on 2010-11-17 05:38:00
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