• Title of article

    Are there diminishing returns to R&D?

  • Author/Authors

    Jakob B. Madsen، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2007
  • Pages
    6
  • From page
    161
  • To page
    166
  • Abstract
    Semi-endogenous models and, to some extent, also Schumpeterian models are based on the assumption of diminishing returns to R&D. This paper shows that the null hypothesis of constant returns to R&D cannot be rejected for the OECD countries.
  • Keywords
    Returns to R&D , Endogenous growth theory
  • Journal title
    Economics Letters
  • Serial Year
    2007
  • Journal title
    Economics Letters
  • Record number

    436206