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In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in per-capita income levels and growth rates is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10009712336
Persistent link: https://www.econbiz.de/10011492754
Using an extensive data base we estimate cross-section and panel growth regression using the MRW model and estimates of Total Factor Productivity with Solow and Hall and Jones methods. The data show an overall process of convergence, but it was uneven over the 1960-2010 years. Was the process...
Persistent link: https://www.econbiz.de/10013044019
In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in levels of per capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10010440426
The most important event in human economic history before the Industrial Revolution was the Neolithic transition from a nomadic hunter-gatherer lifestyle to sedentary agriculture, beginning about 10,000 years ago. The transition made possible the human population explosion, the rise of...
Persistent link: https://www.econbiz.de/10014068920
This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is a measure of technology that isolates sources of innovation and their contributions to domestic TFP. Within-industry innovation enhances domestic productivity, and domestic...
Persistent link: https://www.econbiz.de/10003854932
Although non-R&D innovation activities account for a significant portion of innovation efforts carried out across very heterogeneous economies in Europe, how to incorporate them in to economic models is not always straightforward. For instance, the traditional macro approach to estimating the...
Persistent link: https://www.econbiz.de/10010380964
There has been a concomitant rise in R&D and the rate of economic growth in emerging countries. Analyzing a panel of 31 emerging countries, we find convincing evidence of scale effects which make government policies potent for long-run growth. This contrasts sharply with the well known findings...
Persistent link: https://www.econbiz.de/10011471761
Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive capacity'). In this paper we document that there has...
Persistent link: https://www.econbiz.de/10011537553
Although non-R&D innovation activities account for a significant portion of innovation efforts carried out across very heterogeneous economies in Europe, how to incorporate them in to economic models is not always straightforward. For instance, the traditional macro approach to estimating the...
Persistent link: https://www.econbiz.de/10011477055