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Estimates of learning by watching and endogenous technical progress in six OECD countries

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  • Lawrence Brunner
  • Michael Shields

Abstract

A testable model of 'learning by watching', where the rate of technical progress is related to the investment rate, is formulated and estimated.

Suggested Citation

  • Lawrence Brunner & Michael Shields, 2006. "Estimates of learning by watching and endogenous technical progress in six OECD countries," Applied Economics Letters, Taylor & Francis Journals, vol. 13(6), pages 351-354.
    • Handle: RePEc:taf:apeclt:v:13:y:2006:i:6:p:351-354
    DOI: 10.1080/13504850500393584
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Scott, Maurice, 1992. "A New Theory of Endogenous Economic Growth," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 8(4), pages 29-42, Winter.
    3. Solow, Robert M., 2000. "Growth Theory: An Exposition," OUP Catalogue, Oxford University Press, edition 2, number 9780195109030.
    4. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    5. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    6. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    7. King, Mervyn A & Robson, M H, 1992. "Investment and Technical Progress," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 8(4), pages 43-56, Winter.
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