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Publisher: Cardiff University
Languages: English
Types: Book
Subjects: HB
We examine the dynamics of ideas production and knowledge-productivity relationship in a panel of 19 OECD countries. A new data set of triadic patents is used. We rigorously address the issues of cross-country heterogeneity and endogeneity. Domestic and foreign ideas stocks exert positive but heterogeneous effects on ideas production. We find evidence of duplicate R&D but little support for endogenous growth. Countries with low domestic ideas bases could considerably improve productivity through ideas accumulation; however, this effect is modest for countries with sizeable ideas bases. An implication is that country-specific R&D policy appears potentially more effective than the one-size-fits-all approach.
  • The results below are discovered through our pilot algorithms. Let us know how we are doing!

    • x d xp 51 31 55 83 06 99 81 48 09 34 96 60 88 48 66 96 71 43 63 33 3 6 6 1 4 5 4 3 6 2 2 8 2 R
    • e d o . D Specification: II (Human capital expressed as research intensity) C D -2.119 (0.000) a -0.608 (0.203)
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