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Understanding the Efficiency of R&D Investments from the Aggregate Production Functions Perspective

Zizi Goschin () and Danciu Aniela-Raluca ()
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Danciu Aniela-Raluca: Academy of Economic Studies, Bucharest

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 846-849

Abstract: The rapid growth in the last decades of the investments in research and development have generated an increased interest for assessing their contribution to economic growth. Researchers have tried to model the economic growth including also the technical progress – based on R&D expenditures- as an exogenous or endogenous factor in the aggregate production functions.

Keywords: investment; technical progress; R&D; exogenous factors; Cobb-Douglas production function (search for similar items in EconPapers)
JEL-codes: C21 O33 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:846-849