Heterogeneous ideas production and endogenous growth: an empirical investigation

Authors: Luintel, Kul B.¹; Khan, Mosahid²

Source: Canadian Journal of Economics, Volume 42, Number 3, August / août 2009 , pp. 1176-1205(30)

Buy & download fulltext article:

Price: $48.00 plus tax (Refund Policy)

Abstract:

Abstract.

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.

Keywords: F12; F2; O3; O4; C15

Document Type: Research article

DOI: http://dx.doi.org/10.1111/j.1540-5982.2009.01543.x

Affiliations: 1: Cardiff Business School 2: World Intellectual Property Organization, Geneva

Publication date: 2009-08-01