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Keywords
(6)
Endogenous Growth Theory
Integration Testing
schumpeterian growth
Similar Test
Tfp Growth
Growth Rate
Related Publications
(1)
R&D, Innovation, and Technological Progress: A Test of the Schumpeterian Framework Without Scale Effects
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Accounting for Trends in Productivity and R&D: A Schumpeterian Critique of Semi-Endogenous Growth Theory
Accounting for Trends in Productivity and R&D: A Schumpeterian Critique of Semi-Endogenous Growth Theory,10.1111/j.1538-4616.2007.00045.x,Journal of M
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Accounting for Trends in Productivity and R&D: A Schumpeterian Critique of Semi-Endogenous Growth Theory
(
Citations: 58
)
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JOONKYUNG HA
,
PETER HOWITT
This paper argues that long-run trends in R&D and TFP are more supportive of fully endogenous "Schumpeterian" growth theory than they are of semi-endogenous growth theory. The distinctive prediction of semi-endogenous theory that sustained
TFP growth
requires sustained growth of R&D input is not supported by co-integration tests and forecasting exercises, as
TFP growth
has been stationary even though the
growth rate
of R&D input has fallen three-fold since the early 1950s. In contrast, the prediction of Schumpeterian theory that sustained
TFP growth
requires a sustained fraction of GDP to be spent on R&D is not contradicted by similar tests. Copyright 2007 The Ohio State University.
Journal:
Journal of Money Credit and Banking - J MONEY CREDIT BANKING
, vol. 39, no. 4, pp. 733-774, 2007
DOI:
10.1111/j.1538-4616.2007.00045.x
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www.blackwell-synergy.com
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Citation Context
(14)
...For robustness, we repeated the analysis using a second measure of knowledge intensity, the ratio of the number of scientists and engineers to the total industry domestic employment (
Allen 2001
,
Brehm and Saving 1967
,
Ha and Howitt 2007
)...
Terence J. V. Saldanha
,
et al.
Organizational Adoption of Web 2.0 Technologies: An Empirical Analysis
...
10
Jones (
1995a
,
2002b
)...
ByungWoo Kim
.
Growth regression revisited: R&D promotes convergence?
...
10
Jones (
1995a
,
2002b
)...
ByungWoo Kim
.
Growth regression revisited: R&D promotes convergence?
...empirical testing for endogenous growth theories has recently focused on discriminating between the two competing theories of the second-generation endogenous growth models using time series data for the US or a larger sample of industrialized countries (e.g., Zachariadis, 2003, 2004; Laincz and Peretto, 2006;
Ha and Howitt, 2007;
Madsen, 2008)...
...growth theories (see, e.g.,
Ha and Howitt, 2007;
Madsen, 2008):...
Jakob B. Madsen
,
et al.
The Indian growth miracle and endogenous growth
..._ nSt = (KSt) LCt aS (
8
) where LCt P jlCjt is the total amount of southern labor employed in imitative activities...
Peter Gustafsson
,
et al.
North–South trade with increasing product variety
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Citations
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Organizational Adoption of Web 2.0 Technologies: An Empirical Analysis
Terence J. V. Saldanha
,
M. S. Krishnan
Journal:
Journal of Organizational Computing and Electronic Commerce - J ORGAN COMPUT ELECTRON COMME
, vol. just-accep, no. just-accep, 2012
Growth regression revisited: R&D promotes convergence?
ByungWoo Kim
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Applied Economics - APPL ECON
, vol. 44, no. 11, pp. 1347-1362, 2012
Density functional theory study of the effect of subsurface H, C, and Ag on C 2H 2 hydrogenation on Pd(1 1 1)
Pavithra Tiruppathi
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John J. Low
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Ally S. Y. Chan
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Simon R. Bare
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Randall. J. Meyer
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Catalysis Today - CATAL TODAY
, vol. 165, no. 1, pp. 106-111, 2011
A contribution to the theory and empirics of Schumpeterian growth with worldwide interactions
Cem Ertur
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Wilfried Koch
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Journal of Economic Growth - J ECON GROWTH
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Quality heterogeneity and global economic growth
Elias Dinopoulos
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Bulent Unel
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European Economic Review - EUR ECON REV
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