Gong, Gang; Greiner, Alfred; Semmler, Willi - In: Oxford Bulletin of Economics and Statistics 66 (2004) 2, pp. 147-164
By contrasting endogenous growth models with facts, one is frequently confronted with the prediction that levels of economic variables, such as R&D expenditures, imply lasting effects on the growth rate of an economy. As stylized facts show, the research intensity in most advanced countries has...