Technology in Growth

Louise Keely and Danny Quah ()

No 1901, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We review the role of R&D in endogenous growth theory, and describe extant empirical research – macro and micro – bearing on R&D as an engine of growth. Taking R&D to be key, while recognizing the significance of economic incentives, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues that property rights matter, but in subtle counterintuitive ways, not yet fully investigated in research on endogenous growth.

Keywords: Endogenous Growth; ideas; Innovation; intellectual property rights; knowledge; Patents; R&D; Spillover (search for similar items in EconPapers)
JEL-codes: D90 O30 O33 (search for similar items in EconPapers)
Date: 1998-06
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