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Economic growth in a world of ideas: the US and the leading European countries
[journal article]
Abstract This article discusses the ideas creation model that was initially formulated by Paul Romer and later generalized and empirically applied by Charles Jones. In particular, we generalize Jones´ model to include catching up to a technological frontier, which improves the empirical results for European ... view more
This article discusses the ideas creation model that was initially formulated by Paul Romer and later generalized and empirically applied by Charles Jones. In particular, we generalize Jones´ model to include catching up to a technological frontier, which improves the empirical results for European countries, and ensures convergence to the technological frontier in the steady state.... view less
Classification
Political Economy
Free Keywords
growth; total factor productivity; technical progress; ideas function
Document language
English
Publication Year
2008
Page/Pages
p. 2901-2909
Journal
Applied Economics, 40 (2008) 22
DOI
https://doi.org/10.1080/00036840600993957
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)