R&D, Scale Effects and Spillovers: New Insights from Emerging Countries

Kul Luintel () and Mosahid Khan

No E2016/4, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

Abstract: There has been a concomitant rise in R&D and the rate of economic growth in emerging countries. Analyzing a panel of 31 emerging countries, we find convincing evidence of scale effects which make government policies potent for long-run growth. This contrasts sharply with the well known findings of Jones (1995a). Innovations show increasing returns to knowledge stock, implying that the diminishing returns assumed by some semi-endogenous growth models might not be generalized. International R&D spillovers raise the innovation bar. The observed growth rates of emerging economies appear in transition therefore their growth rates may recede with the passage of time.

Keywords: Scale Effects; Ideas Production; Diffusion; Panel Integration and Cointegration (search for similar items in EconPapers)
JEL-codes: O3 O4 O47 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2016-04
New Economics Papers: this item is included in nep-cse, nep-fdg, nep-gro, nep-ino and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Working Paper: R&D, scale effects and spillovers: New insights from emerging countries (2016)
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