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Relating the Knowledge Production Function to Total Factor Productivity :, An Endogenous Growth Puzzle, Frederick Joutz, Yasser Abdih

Contributor
Abstract
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second captures a long-run positive relationship between TFP and the knowledge stock. The results indicate the presence of strong intertemporal knowledge spillovers and that the long-run impact of the knowledge stock on TFP is small. This evidence is interpreted in light of existing theoretical and empirical evidence on endogenous growth
Table Of Contents
""Contents""; ""I. INTRODUCTION AND CONTRIBUTION""; ""II. ROMER-JONES DEBATE ON KNOWLEDGE PRODUCTION""; ""III. DATA""; ""IV. ESTIMATION OF KNOWLEDGE PRODUCTION FUNCTIONS""; ""V. RECONCILIATION AND CONCLUSION""; ""DATA CONSTRUCTION AND SOURCES""; ""REFERENCES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (40 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451906295

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