English, Article, Journal or magazine article edition: Ideas driven growth: the OECD evidence Argentino Pessoa

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Bookmark: http://trove.nla.gov.au/version/182515
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Ideas driven growth: the OECD evidence
Author
  • Argentino Pessoa
Physical Description
  • preprint
Notes
  • This paper estimates the parameters of the ideas production function crucial to recent ideas-driven growth models. Using U. S. patents granted to residents in OECD countries in order to construct the stock of commercially used ideas, we provide evidence for two main findings. First, at the level of the production of ideas, we find evidence of increasing returns to scale in the stock of ideas and number of researchers, but marginal decreasing returns in each one of these factors. Second, we provide evidence of the association between ideas growth and economic growth, for the OECD as a whole, in the long run.
  • Innovation; spillovers; ideas-driven growth; patents; public intervention
  • RePEc:por:fepwps:136
Language
  • English
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