Journal ArticleDOI
A Contribution to the Theory of Economic Growth
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TLDR
In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.Abstract:
I. Introduction, 65. — II. A model of long-run growth, 66. — III. Possible growth patterns, 68. — IV. Examples, 73. — V. Behavior of interest and wage rates, 78. — VI. Extensions, 85. — VII. Qualifications, 91.read more
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R&d-productivity dynamics: causality, lags, and 'dry holes'
TL;DR: In this article, the authors study four issues in R&D-productivity dynamics: does R&DM Granger cause productivity, is there a lag between R&M and its productivity effects, does the potency of RMD vary in timing and magnitude, and what is the role of R&DI spillovers and aggregate shocks.
ReportDOI
Revisiting Some Productivity Debates
TL;DR: The authors compare five widely used techniques: index numbers, data envelopment analysis, and three parametric methods, instrumental variables estimation, stochastic frontiers, and semi-parametric estimation, and evaluate three productivity debates using a panel of manufacturing plants in Colombia.
Journal ArticleDOI
Does Education Matter for Economic Growth
TL;DR: The authors used a non-parametric local-linear regression estimator and a nonparametric variable relevance test to conduct a rigorous and systematic search for significance of mean years of schooling by examining five of the most comprehensive schooling databases.
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What do exogenous shocks tell us about growth theories
Ilan Noy,Aekkanush Nualsri +1 more
TL;DR: In this paper, the authors focus on the dynamics of growth following external exogenous shocks (natural disasters) and argue that the neoclassical model does not accord very well with the growth experience of developing countries.
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What is the u.s. gross investment in intangibles? (at least) one trillion dollars a year!
TL;DR: In this paper, the authors present preliminary direct and indirect empirical evidence that US private firms currently invest at least $1 trillion annually in intangibles, which roughly equals US gross investment in nonresidential tangible assets.
References
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The journal of political economy
TL;DR: In this paper, the authors explore a hypothesis, based on acIcumulating evidence, regarding the character of inventions likely to issue from the research laboratories of the large industrial corporations.