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| Author: | Morrison, C. Siegel, D. |
| Title: | External capital factors and increasing returns in U. S. manufacturing |
| Journal: | Review of Economics and Statistics
1997 : NOV, VOL. 79:4, p. 647-654 |
| Index terms: | STATISTICS USA MANUFACTURING |
| Language: | eng |
| Abstract: | Theoretical models of endogenous growth indentify capital accumulation and returns as a potential stimulus to economic growth. Existing empirical studies, however, are based on a limited notion of these returns, which follows from the simple production function framework used for estimation. The purpose of this study is to examine growth issues using dynamic cost function estimation. The results show that knowledge factors augment growth. |
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