Technology Diffusion, Services and Endogenous Growth in Europe. Is the Lisbon Strategy Useful?

Paolo Guerrieri (), Bernardo Maggi, Valentina Meliciani () and Pier Carlo Padoan ()
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Paolo Guerrieri: Università di Roma "La Sapienza"
Pier Carlo Padoan: IMF, Washington

Rivista di Politica Economica, 2005, vol. 95, issue 1, 221-268

Abstract: This paper explores thè mie of business services in knowledge accumulation and growth and the determinants of knowledge diffusion including the role of distance. A continuous time model is estimated on several European countries, Japan, and the US. The results of the estimation and the policy simulations support the basic insights of the Lisbon Agenda . Economic growth in Europe is enhanced to the extent that: trade in services increases, technology accumulation and diffusion increase, regulation becomes both less intensive and more uniform across countries, and human capital accumulation increases in all countries.

JEL-codes: F15 O14 O33 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:v:95:y:2005:i:1:p:221-268

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