Title

An empirical note on structural breaks in the U.S. R & D production function: Semi-endogenous versus schumpeterian growth models

Document Type

Article

Publication Date

2013

Department

Economics

Abstract

Using data from the U.S. this paper provides new evidence in support of Schumpeterian growth theory. In particular, the second generation growth models discussed by Ha and Howitt (2007) and Madsen (2008) are extended to consider structural breaks in the R&D production function. The results favor the Schumpeterian theory with a shift in the R&D production function over time.

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