English, Article, Journal or magazine article edition: Externalities and Growth Accounting Jess Benhabib; Boyan Jovanovic

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Bookmark: http://trove.nla.gov.au/version/140214
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Externalities and Growth Accounting
Author
  • Jess Benhabib
  • Boyan Jovanovic
Physical Description
  • preprint
Notes
  • We reexamine several bodies of data on the growth of output, labor, and capital, within the context of a model that admits the possibility of an externality to the capital input. The model is an augmented version of Paul Romer's (1987) reformulation of the Solow model. Unlike Romer, however, we find no evidence of an externality to capital. This finding implies nothing about the size of possible spillovers in the creation of knowledge because in our model, causality runs exclusively from knowledge to capital.
  • RePEc:nbr:nberwo:3190
Language
  • English
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