Abstract
What does endogenous growth theory tell about regional economies? Empirics of R&D worker-based productivity growth, Regional Studies. Endogenous growth theory emerged in the 1990s as ‘new growth theory’ accounting for technical progress in the growth process. This paper examines the role of research and development (R&D) workers underlying the Romer model (1990) and its subsequent modifications, and compares it with a model based on the accumulation of human capital engaged in R&D. Cross-section estimates of the models against productivity growth of European regions in the 1990s suggest that each R&D worker has a unique set of knowledge while his/her contributions are enhanced by knowledge sharing within a region as well as spillovers from other regions in proximity.
| Original language | English |
|---|---|
| Pages (from-to) | 947-960 |
| Number of pages | 14 |
| Journal | Regional Studies |
| Volume | 42 |
| Issue number | 7 |
| DOIs | |
| Publication status | Published - Aug 2008 |
Keywords
- endogenous growth theory
- knnowledge spillover
- productivity growth
- technical progress
- research and development
- knowledge-based economy
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