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Economic growth in a world of ideas: the US and the leading European countries

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Abstract:

This article discusses the ideas creation model that was initially formulated by Romer and later generalized and empirically applied by Jones. In particular, we generalize Jones' model to include catching up to a technological frontier, which improves the empirical results for European countries, and ensures convergence to the technological frontier in the steady state

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840600993957

Affiliations: 1: Facultad de Economicas, Departamento de Economia Aplicada II, Universidad Complutense de Madrid, Madrid 2: Facultad de Economicas y Empresariales, Universidad de Cantabria, Santander 3: Essex University,

Publication date: November 1, 2008

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