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A Contribution to the Schumpeterian Growth Theory and Empirics

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  • Cem Ertur
  • Wilfried Koch

Abstract

This paper proposes an integrated theoretical and methodological framework characterized by technological interactions to explain growth processes from a Schumpeterian perspective. Global interdependence implied by international R&D spillovers needs to be taken into account in the theoretical model as well as in the empirical model. The spatial econometric methodology is the adequate tool to empirically deal with this issue. The econometric model we propose includes the neoclassical growth model as a particular case. We can therefore explicitly test the role of R&D investment in the long run growth process against the Solow growth model. Finally, the properties of our spatial econometric specification allow evaluating explicitly the impact of home and foreign R&D spillovers.

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Bibliographic Info

Paper provided by DEGIT, Dynamics, Economic Growth, and International Trade in its series DEGIT Conference Papers with number c015_021.

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Length: 39 pages
Date of creation: Sep 2010
Date of revision:
Handle: RePEc:deg:conpap:c015_021

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Related research

Keywords: multi-country model; Schumpeterian growth; R&D spillovers; spatial econometrics;

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References

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  1. J. Bradford De Long & Lawrence H. Summers, . "Equipment Investment and Economic Growth," J. Bradford De Long's Working Papers _122, University of California at Berkeley, Economics Department.
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Citations

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Cited by:
  1. Nicolas Debarsy & Cem Ertur, 2009. "Testing for Spatial Autocorrelation in a Fixed Effects Panel Data Model," Post-Print halshs-00414133, HAL.
  2. Carolina Guevara & Corinne Autant-Bernard, 2013. "Technological interdependence between south american countries : a spatial panel data growth model," Working Papers halshs-00803541, HAL.
  3. Niang, Abdou-Aziz, 2010. "Croissance et convergence économique en Afrique : L’impact des effets spatiaux
    [Growth and convergence in Africa: The impact of spatial effects]
    ," MPRA Paper 24059, University Library of Munich, Germany.

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