Semi-endogenous versus Schumpeterian growth models: Testing the knowledge production function using international data

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Abstract

Using various indicators of innovative activity and product variety in the OECD countries over the past century, this paper tests first- and second-generation models of economic growth. The estimation results give evidence in favour of Schumpeterian models, while the semi-endogenous growth theories are shown not to be consistent with the data.

Original languageEnglish
Pages (from-to)1-26
Number of pages26
JournalJournal of Economic Growth
Volume13
Issue number1
DOIs
Publication statusPublished - 1 Mar 2008
Externally publishedYes

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