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| Author: | Braconier, H. Sjoeholm, F. |
| Title: | National and international spillovers from R&D: comparing a neoclassical and an endogenous growth approach |
| Journal: | Weltwirtschaftliches Archiv
1998 : VOL. 134:4, p. 638-663 |
| Index terms: | ECONOMICS R&D GROWTH |
| Language: | eng |
| Abstract: | Economists have for some time stressed the importance of Research and Development (R&D) as a source of economic growth (Shell 1966). The authors results indicate that productivity growth is affected by levels of R&D expenditures rather than by the growth rate of R&D stocks. The results are, thus, in line with the endogenous growth literature. In the endogenous growth approach, the authors find industry-specific spillovers from R&D but no spillovers between industries. |
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