R&D, scale effects and spillovers: New insights from emerging countries

Arbeitspapier

There has been a concomitant rise in R&D and the rate of economic growth in emerging countries. Analyzing a panel of 31 emerging countries, we find convincing evidence of scale effects which make government policies potent for long-run growth. This contrasts sharply with the well known findings of Jones (1995a). Innovations show increasing returns to knowledge stock, implying that the diminishing returns assumed by some semi-endogenous growth models might not be generalized. International R&D spillovers raise the innovation bar. The observed growth rates of emerging economies appear in transition therefore their growth rates may recede with the passage of time.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Cardiff Economics Working Papers ; No. E2016/4

Classification and Topics

• Classification: Wirtschaft ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
• Subject: Scale Effects ; Ideas Production ; Diffusion ; Panel Integration and Cointegration

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Luintel, Kul Bahadur ; Khan, Mosahid
• Event: Veröffentlichung
• (who): Cardiff University, Cardiff Business School
• (where): Cardiff
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/174117
• Last update: 10.03.2025, 11:44 AM CET