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Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data

  • Jakob Madsen


Using various indicators of innovative activity and product variety in the OECD countries over the past century, this paper tests whether first- and second-generation models of economic growth are consistent with the data over time and across countries. The estimation results give evidence in favour of Schumpeterian models while the semi-endogenous growth theories are not consistent with the data.

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Article provided by Springer in its journal Journal of Economic Growth.

Volume (Year): 13 (2008)
Issue (Month): 1 (March)
Pages: 1-26

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Handle: RePEc:kap:jecgro:v:13:y:2008:i:1:p:1-26
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