Heterogeneous Ideas Production and Endogenous Growth: An Empirical Investigation

Prof. Kul B 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: F12 F2 O3 O4 C15 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff
Date: 2008-12
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Forthcoming in Canadian Journal of Economics

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Persistent link: http://EconPapers.repec.org/RePEc:cdf:wpaper:2008/29

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