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Can I read Testing R&D‐Based Endogenous Growth Models* on EtoBox?
Testing R&D‐Based Endogenous Growth Models* by Peter K. Kruse‐Andersen is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Testing R&D‐Based Endogenous Growth Models* about?
This study examines US productivity growth through the lens of R&D-based growth models. A general R&D-based model, nesting different model varieties, is developed. These varieties are tested using a novel cointegrating relationship and US data for the period 1953-2018. The results provide evidence against the widely used fully endogenous variety and support for other varieties including the semi-endogenous variety. Further, the results are systematically consistent with the presence of fishing-out effects in knowledge production, implying that productivity-enhancing innovations become increasingly harder to achieve as technologies become more advanced. Forecasts suggest that the US productivity growth slowdown continues over the coming decades.
Who reads Testing R&D‐Based Endogenous Growth Models*?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Peter K. Kruse‐Andersen
- Publisher
- Wiley
- Published
- 2023
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)