Heterogeneous Ideas Production and Endogenous Growth: An Empirical Investigation

Kul Luintel () and Mosahid Khan

No E2008/29, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

Abstract: We examine the dynamics of ideas production and knowledge-productivity relationship in a panel of 19 OECD countries. A new data set of triadic patents is used. We rigorously address the issues of cross-country heterogeneity and endogeneity. Domestic and foreign ideas stocks exert positive but heterogeneous effects on ideas production. We find evidence of duplicate R&D but little support for endogenous growth. Countries with low domestic ideas bases could considerably improve productivity through ideas accumulation,however, this effect is modest for countries with sizeable ideas bases. An implication is that country-specific R&D policy appears potentially more effective than the one-size-fits-all approach.

Keywords: Knowledge Stocks; Dynamic Heterogeneity; TFP; Methods of Moments (search for similar items in EconPapers)
JEL-codes: C15 F12 F2 O3 O4 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2008-12
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Canadian Journal of Economics , vol. 42 (2009), 1176-1205

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Related works:
Journal Article: Heterogeneous ideas production and endogenous growth: an empirical investigation (2009)
Journal Article: Heterogeneous ideas production and endogenous growth: an empirical investigation (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cdf:wpaper:2008/29

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