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Relating the Knowledge Production Function to Total Factor Productivity: An Endogenous Growth Puzzle

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Author Info
Yasser Abdih (International Monetary Fund)
Frederick Joutz (International Monetary Fund)
Abstract

The knowledge production function is central to research and development-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Timeseries evidence suggests there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second captures a long-run positive relationship between total factor productivity (TFP) and the knowledge stock. The results indicate that strong intertemporal knowledge spillovers are present and that the long-run impact of the knowledge stock on TFP is small. This evidence is interpreted in light of existing theoretical and empirical evidence on endogenous growth. Copyright 2006, International Monetary Fund

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Publisher Info
Article provided by Palgrave Macmillan Journals in its journal IMF Staff Papers.

Volume (Year): 53 (2006)
Issue (Month): 2 ()
Pages: 3
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Handle: RePEc:pal:imfstp:v:53:y:2006:i:2:p:3

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Find related papers by JEL classification:
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
O3 - Economic Development, Technological Change, and Growth - - Technological Change
C5 - Mathematical and Quantitative Methods - - Econometric Modeling

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Eberhardt, Markus & Teal, Francis, 2009. "Econometrics for Grumblers: A New Look at the Literature on Cross-Country Growth Empirics," MPRA Paper 15813, University Library of Munich, Germany. [Downloadable!]
  2. d'Artis Kancs & Pavel Ciaian, 2007. "Blue Cards, Blue Prospects?," LICOS Discussion Papers 19407, LICOS - Centre for Institutions and Economic Performance, K.U.Leuven. [Downloadable!]
  3. Ang, James & Madsen, Jakob, 2009. "Can Second-Generation Endogenous Growth Models Explain The Productivity Trends and Knowledge Production In the Asian Miracle Economies?," MPRA Paper 17543, University Library of Munich, Germany. [Downloadable!]
  4. Yasser Abdih & Frederick L. Joutz, 2008. "The Impact of Public Capital, Human Capital, and Knowledge on Aggregate Output," IMF Working Papers 08/218, International Monetary Fund. [Downloadable!]
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