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.
Citation
Saunoris, J. W., & Payne, J. E. (2011). An empirical note on R & D growth models with regional implications. Journal of Regional Analysis & Policy, 41(1), 16–21.
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