R&D, scale effects and spillovers: New insights from emerging countries

Kul Luintel () and Mosahid Khan

No 32, WIPO Economic Research Working Papers from World Intellectual Property Organization - Economics and Statistics Division

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: 31 pages
Date: 2016-06, Revised 2016-06
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: R&D, Scale Effects and Spillovers: New Insights from Emerging Countries (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:wip:wpaper:32

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