TY - JOUR
T1 - What does endogenous growth theory tell about regional economies? Empirics of R&D worker-based productivity growth
AU - Izushi, Hiro
PY - 2008/8
Y1 - 2008/8
N2 - What does endogenous growth theory tell about regional economies? Empirics of R&D worker-based productivity growth, Regional Studies. Endogenous growth theory emerged in the 1990s as ‘new growth theory’ accounting for technical progress in the growth process. This paper examines the role of research and development (R&D) workers underlying the Romer model (1990) and its subsequent modifications, and compares it with a model based on the accumulation of human capital engaged in R&D. Cross-section estimates of the models against productivity growth of European regions in the 1990s suggest that each R&D worker has a unique set of knowledge while his/her contributions are enhanced by knowledge sharing within a region as well as spillovers from other regions in proximity.
AB - What does endogenous growth theory tell about regional economies? Empirics of R&D worker-based productivity growth, Regional Studies. Endogenous growth theory emerged in the 1990s as ‘new growth theory’ accounting for technical progress in the growth process. This paper examines the role of research and development (R&D) workers underlying the Romer model (1990) and its subsequent modifications, and compares it with a model based on the accumulation of human capital engaged in R&D. Cross-section estimates of the models against productivity growth of European regions in the 1990s suggest that each R&D worker has a unique set of knowledge while his/her contributions are enhanced by knowledge sharing within a region as well as spillovers from other regions in proximity.
KW - endogenous growth theory
KW - knnowledge spillover
KW - productivity growth
KW - technical progress
KW - research and development
KW - knowledge-based economy
UR - http://www.scopus.com/inward/record.url?scp=48549096740&partnerID=8YFLogxK
UR - http://www.informaworld.com/openurl?genre=article&issn=0034-3404&volume=42&issue=7&spage=947
U2 - 10.1080/00343400701541847
DO - 10.1080/00343400701541847
M3 - Article
SN - 0034-3404
VL - 42
SP - 947
EP - 960
JO - Regional studies
JF - Regional studies
IS - 7
ER -