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Ideas driven growth: the OECD evidence

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Author Info
Argentino Pessoa () (Faculdade de Economia da Universidade do Porto)

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Abstract

This paper estimates the parameters of the ideas production function crucial to recent ideas-driven growth models. Using U. S. patents granted to residents in OECD countries in order to construct the stock of commercially used ideas, we provide evidence for two main findings. First, at the level of the production of ideas, we find evidence of increasing returns to scale in the stock of ideas and number of researchers, but marginal decreasing returns in each one of these factors. Second, we provide evidence of the association between ideas growth and economic growth, for the OECD as a whole, in the long run.

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Publisher Info
Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series FEP Working Papers with number 136.

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Length: 24 pages
Date of creation: Dec 2003
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Handle: RePEc:por:fepwps:136

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Keywords: Innovation spillovers ideas-driven growth patents public intervention

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This paper has been announced in the following NEP Reports: References listed on IDEAS
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. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June. [Downloadable!] (restricted)
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  2. Grossman, Gene M. & Helpman, Elhanan, 1991. "Trade, knowledge spillovers, and growth," European Economic Review, Elsevier, vol. 35(2-3), pages 517-526, April. [Downloadable!] (restricted)
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  3. Charles I. Jones, 2002. "Sources of U.S. Economic Growth in a World of Ideas," American Economic Review, American Economic Association, vol. 92(1), pages 220-239, March. [Downloadable!]
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  4. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. Romer, Paul, 1993. "Idea gaps and object gaps in economic development," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 543-573, December. [Downloadable!] (restricted)
  6. Mankiw, N Gregory & Romer, David & Weil, David N, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 407-37, May. [Downloadable!] (restricted)
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  7. Richard R. Nelson & Edmond S. Phelps, 1965. "Investment in Humans, Technological Diffusion and Economic Growth," Cowles Foundation Discussion Papers 189, Cowles Foundation, Yale University. [Downloadable!]
  8. Coe, David T. & Helpman, Elhanan, 1995. "International R&D spillovers," European Economic Review, Elsevier, vol. 39(5), pages 859-887, May. [Downloadable!] (restricted)
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  9. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-51, March. [Downloadable!] (restricted)
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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. Pedro Mazeda Gil & Óscar Afonso, 2008. "Technological-Knowledge Dynamics in Lab-Equipment Models of Quality Ladders," FEP Working Papers 283, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
  2. Susanne Sieber, . "Österreichs Attraktivität für ausländische Direktinvestitionen sowie als Standort für Headquarters Funktionen," FIW Research Reports series 21, FIW. [Downloadable!]
  3. W. Altzinger, . "Österreichs Multinationalen Unternehmen (MNUs) und deren konzernexterner und - interner Handel," FIW Research Reports series 23, FIW. [Downloadable!]
  4. W. Koller & Robert Stehrer, . "Outsourcing and Employment: A Decomposition Approach," FIW Research Reports series 18, FIW. [Downloadable!]
  5. Julia Woerz & Olga Pindyuk, . "Trade in Services: Note on the Measurement and Quality of Data Sources," FIW Research Reports series 1, FIW. [Downloadable!]
  6. W. Altzinger, . "The Profitability of Austrian Foreign Direct Investment - Reinvestment or Repatriation?," FIW Research Reports series 10, FIW. [Downloadable!]
  7. Bernhard Felderer & Günther Grohall & Christian Haefke & Ulrich Schuh & Edith Skriner, . "Verflechtungen in der österreichischen Außenwirtschaft," FIW Research Reports series 24, FIW. [Downloadable!]
  8. Argentino Pessoa & Mario Silva, 2006. "Patterns of R&D and Growth Performance: Can a Technological Follower Be Converted Into an Economic Leader?," ERSA conference papers ersa06p710, European Regional Science Association. [Downloadable!]
  9. Joseph F. Francois & Olga Pindyuk & Julia Woerz, . "Trade Effects of Services Trade Liberalization in the EU," FIW Research Reports series 4, FIW. [Downloadable!]
  10. Klaus Nowotny & Gerhard Palme, . "Fokus Ostintegration: Grenzüberschreitende Dienstleistungserbringung in die neuen EU Länder," FIW Research Reports series 6, FIW. [Downloadable!]
  11. Martin Falk & Yvonne Wolfmayr, . "The Impact of Outward FDI in Central and Eastern Europe on Employment in the EU-15 Countries," FIW Research Reports series 16, FIW. [Downloadable!]
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