Format:
Online-Ressource (39 p)
Edition:
Online-Ausg.
ISBN:
1451860935
,
9781451860931
Series Statement:
IMF Working Papers Working Paper No. 05/74
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Joutz, Frederick Relating the Knowledge Production Function to Total Factor Productivity: An Endogenous Growth Puzzle Washington, D.C. : International Monetary Fund, 2005 ISBN 9781451860931
Language:
English
DOI:
10.5089/9781451860931.001
