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Schumpeterian growth with technological interdependence: An application to US states

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  • Deeken, Tim
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    In this paper, the Schumpeterian growth model developed by Ertur and Koch (2011) that includes spatial interactions between units of observation working via R&D spillovers is presented in detail. The implications of this model and three additional growth models with and without spatial interaction that are nested within this framework are tested for the US states econometrically. It is found that investments in R&D have a positive impact on steady-state income per worker in the Schumpeterian growth model without complex interaction between states, but this effect is absent in the model proposed by Ertur and Koch (2011), even though the estimate for the coefficient measuring interconnectedness between regions is positive and significant. This latter result is robust to alternative specifications of the interaction matrix.

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    File URL: https://www.econstor.eu/bitstream/10419/122153/1/839328567.pdf
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    Paper provided by Karlsruhe Institute of Technology (KIT), Department of Economics and Business Engineering in its series Working Paper Series in Economics with number 75.

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    Date of creation: 2015
    Handle: RePEc:zbw:kitwps:75
    Contact details of provider: Web page: http://www.wiwi.kit.edu/

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