TY - GEN AB - 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. AU - Luintel, Kul B. DO - 10.34667/tind.28934 DO - doi ID - 28934 L1 - https://tind.wipo.int/record/28934/files/wipo_pub_econstat_wp_32.pdf L2 - https://tind.wipo.int/record/28934/files/wipo_pub_econstat_wp_32.pdf L4 - https://tind.wipo.int/record/28934/files/wipo_pub_econstat_wp_32.pdf LA - eng LK - https://tind.wipo.int/record/28934/files/wipo_pub_econstat_wp_32.pdf N2 - 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. SN - 2957-8256 T1 - R&D, Scale Effects and Spillovers :New Insights from Emerging Countries. TI - R&D, Scale Effects and Spillovers :New Insights from Emerging Countries. UR - https://tind.wipo.int/record/28934/files/wipo_pub_econstat_wp_32.pdf ER -