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RandD, innovation, and Economic Growth; An Empirical Analysis

Ulku, Hulya - International Monetary Fund (IMF) - 2004

This paper investigates the main postulations of the R&D based growth models that innovation is created in the R …&D sectors and it enables sustainable economic growth, provided that there are constant returns to innovation in terms of R … the period 1981–97. The results suggest a positive relationship between per capita GDP and innovation in both OECD and non …

Persistent link: https://www.econbiz.de/10005826633

A Multi-Industry Model of Growth with Financing Constraints

Ilyina, Anna; Samaniego, Roberto M. - International Monetary Fund (IMF) - 2009

This paper develops a multi-industry growth model in which firms require external funds to conduct productivity-enhancing R&D. The cost of research is industry-specific. The tightness of financing constraints depends on the level of financial development and on industry characteristics. Over...

Persistent link: https://www.econbiz.de/10008528634

Treating Intangible Inputs As Investment Goods; The Impacton Canadian GDP

Belhocine, Nazim - International Monetary Fund (IMF) - 2009

This paper constructs a data set to document firms' expenditures on an identifiable list of intangible items and examines the implications of treating intangible spending as an acquisition of final (investment) goods on GDP growth for Canada. It finds that investment in intangible capital by...

Persistent link: https://www.econbiz.de/10008540916

Productivity Growth, Technological Convergence, RandD, Trade, and Labor Markets; Evidence From the French Manufacturing Sector

Khan, Tehmina S. - International Monetary Fund (IMF) - 2006

Total factor productivity (TFP) of 14 manufacturing sectors in France has kept up with that of the United States during 1980-2002 and remained well above that of the United Kingdom. Estimates using a dynamic panel equilibrium correction model indicate that sectors further behind the...

Persistent link: https://www.econbiz.de/10005599272

Relating the Knowledge Production Function to total Factor Productivity; An Endogenous Growth Puzzle

Joutz, Frederick L.; Abdih, Yasser - International Monetary Fund (IMF) - 2005

The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The...

Persistent link: https://www.econbiz.de/10005605296