Economic growth in a world of ideas: the US and the leading European countries

Rafael Myro (), Patricio Perez and Alberto Colino

Applied Economics, 2008, vol. 40, issue 22, 2901-2909

Abstract: This article discusses the ideas creation model that was initially formulated by Romer and later generalized and empirically applied by Jones. In particular, we generalize Jones' model to include catching up to a technological frontier, which improves the empirical results for European countries, and ensures convergence to the technological frontier in the steady state

Date: 2008
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DOI: 10.1080/00036840600993957

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