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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.

Suggested Citation

  • Keely, Louise & Quah, Danny, 1998. "Technology in Growth," CEPR Discussion Papers 1901, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1901
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    Citations

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    Cited by:

    1. Nahuis, Richard & Smulders, Sjak, 2002. "The Skill Premium, Technological Change and Appropriability," Journal of Economic Growth, Springer, vol. 7(2), pages 137-156, June.
    2. De Loo, Ivo & Soete, Luc, 1999. "The Impact of Technology on Economic Growth: Some New Ideas and Empirical Considerations," Research Memorandum 017, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    3. repec:mul:je8794:doi:10.1429/27918:y:2008:i:2:p:235 is not listed on IDEAS
    4. Everaert, Gerdie & Heylen, Freddy, 2001. "Public capital and productivity growth: evidence for Belgium, 1953-1996," Economic Modelling, Elsevier, vol. 18(1), pages 97-116, January.
    5. Quah, D., 1999. "The Weightless Economy in Economic Development," Research Paper 155, World Institute for Development Economics Research.
    6. 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.
    7. Danny Quah, 1999. "The Weightless Economy in Economic Development," CEP Discussion Papers dp0417, Centre for Economic Performance, LSE.
    8. Lindsay N. Amiel & Steven Deller & Judith I. Stallman, 2012. "Economic Growth and Tax and Expenditure Limitations," The Review of Regional Studies, Southern Regional Science Association, vol. 42(3), pages 185-206, Winter.
    9. Deller, Steven, 2014. "Does Mining Influence Rural Economic Growth?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 44(1).
    10. Alberto Bucci, 2008. "Competition and R&D investment in human capital-driven growth," Politica economica, Società editrice il Mulino, issue 2, pages 235-265.
    11. Quah, Danny, 1999. "The weightless economy in economic development," LSE Research Online Documents on Economics 2291, London School of Economics and Political Science, LSE Library.
    12. 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).

    More about this item

    Keywords

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

    JEL classification:

    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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