An Empirical Note on R&D Growth Models with Regional Implications

James Saunoris and James Payne

Journal of Regional Analysis and Policy, 2011, vol. 41, issue 01, 6

Abstract: Using U.S. data from 1960 to 2007 this empirical note re-examines the semi-endogenous and Schumpeterian R&D growth models presented by Ha and Howitt (2007) and Madsen (2008). The empirical results support the Schumpeterian R&D growth model. Specifically, in the long-run increases in R&D expenditures are necessary to counteract lower R&D productiv-ity due to the presence of product proliferation. Furthermore, the study provides a frame-work for further investigation of R&D growth models at the regional level.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrapmc:132458

DOI: 10.22004/ag.econ.132458

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