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Economic growth in a world of ideas: the US and the leading European countries

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  • Rafael Myro
  • Patricio Perez
  • Alberto Colino

Abstract

This article discusses the ideas creation model that was initially formulated by Romer and later generalized and empirically applied by 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

Suggested Citation

  • Rafael Myro & Patricio Perez & Alberto Colino, 2008. "Economic growth in a world of ideas: the US and the leading European countries," Applied Economics, Taylor & Francis Journals, vol. 40(22), pages 2901-2909.
    • Handle: RePEc:taf:applec:v:40:y:2008:i:22:p:2901-2909
    DOI: 10.1080/00036840600993957
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    References listed on IDEAS

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    1. Bera, Anil K. & Sosa-Escudero, Walter & Yoon, Mann, 2001. "Tests for the error component model in the presence of local misspecification," Journal of Econometrics, Elsevier, vol. 101(1), pages 1-23, March.
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    Cited by:

    1. Colino, Alberto & Benito-Osorio, Diana & Rueda-Armengot, Carlos, 2014. "Entrepreneurship culture, total factor productivity growth and technical progress: Patterns of convergence towards the technological frontier," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 349-359.
    2. Farhidi, Faraz & Isfahani, Rahim & Emadzadeh, Mostafa, 2015. "Ideas, increasing return to scale, and economic growth: an application for Iran," MPRA Paper 64158, University Library of Munich, Germany.

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