Keller, Katarina R. I.; Poutvaara, Panu - In: Economics Bulletin 15 (2005) 16, pp. 1-11
We find that the Nonneman and Vanhoudt (1996) extension to include R&D in the Mankiw, Romer and Weil (1992) growth model with human capital performs well also outside of OECD countries. It explains 61 to 86 percent of cross-country variation in income and growth over 40 years, explanatory...