de la Fuente, Angel - C.E.P.R. Discussion Papers - 1995
This paper analyses the sources of post-war growth and convergence in the OECD using an extension of Mankiw, Romer and … process of technological catch-up. The results indicate that the impact of R&D investment on growth has been significant … of the sample period. The exhaustion of this effect, moreover, may help explain the slowdown of growth and convergence …