Relating the Knowledge Production Function to Total Factor Productivity: An Endogenous Growth Puzzle

By Frederick L. Joutz, Yasser Abdih. Social Science Research Network, 2005

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The knowledge production function is central to RD the second captures a long-run positive relationship between TFP and the knowledge stock. The results indicate the presence of strong intertemporal knowledge spillovers and that the long-run impact of the knowledge stock on TFP is small. This evidence is interpreted in light of existing theoretical and empirical evidence on endogenous growth.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/2502e6ff30f1d0760c7583db0a0e1472be5d2f3d