ECONOMIC GROWTH, TFP CONVERGENCE AND WORLD EXPORTS OF IDEAS: A CENTURY OF EVIDENCE

Jakob Madsen

No 01-07, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: This paper examines the effect of international patent stock on total factor productivity for 16 OECD countries over the past 120 years. The results show that the international patent stock is highly influential for economic growth and, together with knowledge spillovers through the channel of imports, has contributed significantly to TFP growth and σ-convergence among the OECD countries over the past 120 years.

Keywords: TFP growth; international diffusion of ideas; international patents; convergence. (search for similar items in EconPapers)
JEL-codes: E13 E22 E23 O11 O3 O47 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2007
New Economics Papers: this item is included in nep-eff, nep-fdg, nep-his, nep-ipr and nep-pr~
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Economic Growth, TFP Convergence and the World Export of Ideas: A Century of Evidence (2008)
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