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Technology in Growth

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  • Keely, Louise
  • Quah, Danny

Abstract

We review the role of R&D in endogenous growth theory, and describe extant empirical research – macro and micro – bearing on R&D as an engine of growth. Taking R&D to be key, while recognizing the significance of economic incentives, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues that property rights matter, but in subtle counterintuitive ways, not yet fully investigated in research on endogenous growth.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1901.

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Date of creation: Jun 1998
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Handle: RePEc:cpr:ceprdp:1901

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Related research

Keywords: Endogenous Growth; ideas; Innovation; intellectual property rights; knowledge; Patents; R&D; Spillover;

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Cited by:
  1. Quah, Danny, 1999. "The Weightless Economy in Economic Development," CEPR Discussion Papers 2094, C.E.P.R. Discussion Papers.
  2. Nahuis, Richard & Smulders, Sjak, 2002. " The Skill Premium, Technological Change and Appropriability," Journal of Economic Growth, Springer, vol. 7(2), pages 137-56, June.
  3. Alberto Bucci, 2005. "Product Market Competition, R&D Effort and Economic Growth," UNIMI - Research Papers in Economics, Business, and Statistics unimi-1011, Universitá degli Studi di Milano.
  4. Alberto BUCCI, 2002. "Market Power, Human Capital and Growth," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2002012, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  5. Bucci Alberto, 2008. "Competition and R&D investment in human capital-driven growth," Politica economica, Società editrice il Mulino, issue 2, pages 235.

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