R&D, Scale Effects and Spillovers : New Insights from Emerging Countries.

R&D, Scale Effects and Spillovers : New Insights from Emerging Countries.

Economic Research Working Paper No. 32

Working paper

31 pages ; [28] cm.

2957-8256

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.

Digital publication.

Economics Working Papers.

Geneva, Switzerland : [World Intellectual Property Organization], 2016.

eng

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