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

[journal article]

Myro, Rafael L.; Colino, Alberto; Pérez, Patricio

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Abstract This article discusses the ideas creation model that was initially formulated by Paul Romer and later generalized and empirically applied by Charles 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.
Classification Political Economy
Free Keywords growth; total factor productivity; technical progress; ideas function
Document language German
Publication Year 2008
Page/Pages p. 2901-2909
Journal Applied Economics, 40 (2008) 22
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)