Are there Diminishing Returns to R&D?

Semi-endogenous models and, to some extent, also Schumpeterian models are based on the assumption of diminishing returns to R&D. This paper shows that the null hypothesis of constant returns to R&D cannot be rejected for the OECD countries.

MoreLess

Year of publication:	2006
Authors:	Madsen, Jakob B.
Publisher:	Copenhagen : University of Copenhagen, Economic Policy Research Unit (EPRU)
Subject:	Neue Wachstumstheorie \| Industrielle Forschung \| Theorie \| returns to R&D \| endogenous growth theory

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Series:	EPRU Working Paper Series ; 2006-05
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	51550517X [GVK] hdl:10419/82093 [Handle] RePEc:kud:epruwp:06-05 [RePEc]
Classification:	O3 - Technological Change; Research and Development ; O4 - Economic Growth and Aggregate Productivity
Source:	EconStor

Persistent link: https://www.econbiz.de/10010320963