Growth in OECD countries and elsewhere: how much do education and R&D explain?

Katarina Keller () and Panu Poutvaara

Economics Bulletin, 2005, vol. 15, issue 16, 1-11

Abstract: We find that the Nonneman and Vanhoudt (1996) extension to include R&D in the Mankiw, Romer and Weil (1992) growth model with human capital performs well also outside of OECD countries. It explains 61 to 86 percent of cross-country variation in income and growth over 40 years, explanatory variables being of expected sign for all country groups and significant in most cases. We test for the role of adding control variables and excluding outliers.

Keywords: augmented; Solow; model (search for similar items in EconPapers)
JEL-codes: I2 O0 (search for similar items in EconPapers)
Date: 2005-05-23
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Citations: View citations in EconPapers (7)

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