@article{28934, recid = {28934}, author = {Luintel, Kul B.}, title = {R&D, Scale Effects and Spillovers : New Insights from Emerging Countries.}, pages = {31 pages ;}, abstract = {There has been a concomitant rise in R&D and the rate of economic growth in emerging countries. Analyzing a panel of 31 emerging countries, we find convincing evidence of scale effects which make government policies potent for long-run growth. This contrasts sharply with the well-known findings of Jones (1995a). Innovations show increasing returns to knowledge stock, implying that the diminishing returns assumed by some semi-endogenous growth models might not be generalized. International R&D spillovers raise the innovation bar. The observed growth rates of emerging economies appear in transition therefore their growth rates may recede with the passage of time.}, url = {http://tind.wipo.int/record/28934}, doi = {https://doi.org/10.34667/tind.28934}, }