Technology in Growth
Louise Keely and
CEP Discussion Papers from Centre for Economic Performance, LSE
We review the role of R&D in endogenous growth theory, and describe extant empirical research macro and micro bearing on R&D as an engine of growth. Taking R&D to be key while recognizing the significance of economic incentives emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues that property rights matter, but in subtle counterintuitive ways not yet fully investigated in research on endogenous growth.
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Working Paper: Technology in Growth (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp0391
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