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|c 5.00 USD
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|z 9781451860931
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|a 1018-5941
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|a Joutz, Frederick.
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|a Relating the Knowledge Production Function to Total Factor Productivity :
|b An Endogenous Growth Puzzle /
|c Frederick Joutz, Yasser Abdih.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
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|a 1 online resource (39 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The 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.
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|a Mode of access: Internet
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|a Abdih, Yasser.
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|a IMF Working Papers; Working Paper ;
|v No. 2005/074
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/074/001.2005.issue-074-en.xml
|z IMF e-Library
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