Accumulation, innovation and catching-up: an extended cumulative growth model

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Distribution, aggregate demand and productivity growth: theory and empirical results for six OECD countries based on a post-Kaleckian model (2010, background): “Leon-Ledesma (2002) uses some further control variables, like the investment share, the capital stock as a proxy of innovations and the technology gap to the technological frontier, and gets a Verdoorn coefficient about 0.64 and 0.67 for a cross-country regression containing 18 countries in the peri”