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Product variety, product quality, and evidence of Schumpeterian endogenous growth: a note

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  • Francesco Venturini

Abstract

Using US manufacturing industry data, this paper re-examines empirical evidence of first- and second-generation Schumpeterian models of endogenous growth focusing on innovation (patent) quality. It shows that semi-endogenous growth models behave better than the other strands of Schumpeterian theory especially in the knowledge-intensive section of the economy.

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Paper provided by Università di Perugia, Dipartimento Economia, Finanza e Statistica in its series Quaderni del Dipartimento di Economia, Finanza e Statistica with number 93/2011.

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Length: 10 pages
Date of creation: 01 Jul 2011
Date of revision:
Handle: RePEc:pia:wpaper:93/2011

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Keywords: fully endogenous growth theory; semi-endogenous growth theory; innovation quality; US manufacturing; high-tech industries.;

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References

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Cited by:
  1. Ignat Stepanok, 2012. "Cross-Border Mergers and Greenfield Foreign Direct Investment," Kiel Working Papers 1805, Kiel Institute for the World Economy.

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