“Ideas” driven growth: the OECD evidence

An Investigation of the Impact of Size of the Government on Economic Growth: Some New Evidence from OECD-NEA Countries

Abstract Achieving economic growth, as one of the essential purposes in each country, needs appropriate tracing of government as one of the important and effective sections in that economy. Nowadays, unlike the 80s, economists concentrate on objectives such as explanation of the relationship between size of the government and economic growth and delineation of optimum size of the government w...

Evidence from OECD Countries

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence based on data for 15 OECD countries shows that when agents expect future stock returns to be higher, the...

Ideas versus rival human capital: Industry evidence on growth models

Using 1959—1991 growth rates for 449 4-digit US manufacturing industries, I test ‘idea’ and ‘rival human capital’ models of endogenous growth. I find the following: First, TFP growth is faster in industries that are more intensive in capital and intermediate goods and less intensive in labor, favoring idea models over rival human capital models. Second, industries with rapidly declining prices ...

OECD Science, Technology Innovation-driven Growth in Regions: The Role of Smart Specialisation

R & D - Induced Growth in the OECD ?

1 Abstract I use aggregate and industry-level data for a group of OECD countries for the period 1973 to 1991 to estimate a system implied by a model of R&Dinduced growth that relates R&D intensity, productivity, and output growth. I find evidence of positive long-run impact of R&D intensity on productivity and, ultimately, on the growth rate of output. The null hypothesis that growth is not ind...