000 02423nam a22004094a 4500
001 WPIEA2005074
003 IMF
005 20190405164100.0
006 m o d
007 cr cn|||||||||
008 020129s2005 dcu o i00 0 eng d
020 _a1451860935 :
_c15.00 USD
020 _z9781451860931
022 _a1018-5941
024 7 _a10.5089/9781451860931.001
_2doi
035 _a(IMF)WPIEA2005074
040 _aDcWaIMF
_beng
100 1 _aJoutz, Frederick L.
245 1 0 _aRelating the Knowledge Production Function to Total Factor Productivity
_h[electronic resource] :
_bAn Endogenous Growth Puzzle /
_cFrederick L Joutz.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2005.
300 _a1 online resource (39 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 05/74
520 3 _aThe knowledge production function is central to R and D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second captures a long-run positive relationship between TFP and the knowledge stock. The results indicate the presence of strong intertemporal knowledge spillovers and that the long-run impact of the knowledge stock on TFP is small. This evidence is interpreted in light of existing theoretical and empirical evidence on endogenous growth.
588 _aDescription based on print version record.
650 7 _aCointegration
_2imf
650 7 _aEconometric Modeling
_2imf
650 7 _aEconomic Growth and Aggregate Productivity
_2imf
650 7 _aEndogenous Growth
_2imf
650 7 _aEquation
_2imf
650 7 _aKnowledge Spillovers
_2imf
651 7 _aUnited States
_2imf
700 1 _aAbdih, Yasser.
700 1 _aJoutz, Frederick L.
776 0 8 _iPrint Version:
_aJoutz, Frederick L.
_tRelating the Knowledge Production Function to Total Factor Productivity : An Endogenous Growth Puzzle
_dWashington, D.C. : International Monetary Fund, 2005.
_z9781451860931
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 05/74
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/05662-9781451860931/05662-9781451860931/05662-9781451860931.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781451860931
_zIMF Book Store
999 _c152193
_d152193