Strategic policies and growth: An applied model of R and D-driven endogenous growth

Journal of Development Economics

Volumn 60, Issue 2, 1999, Pages 343-380

  Diao, Xincshen ^a   Roe, Terry ^b   Yeldan, Erinc ^c  

^a ECONOMIC RESEARCH SERVICE   (United States)

^b UNIVERSITY OF MINNESOTA   (United States)

^c BILKENT UNIVERSITY   (Turkey)

Author keywords

Applied general equilibrium; Endogenous growth; Strategic trade policy

Indexed keywords

ENDOGENOUS GROWTH; GROWTH DETERMINATION; METHODOLOGY; MODELING; RESEARCH AND DEVELOPMENT;

EID: 0033435158     PISSN: 03043878     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-3878(99)00044-9     Document Type: Article

References (74)

1. Aghion P., Howitt P. A model of growth through creative destruction. Econometrica. 60(2):1992;323-351.
2. Aghion, P., Howitt, P., 1998. Endogenous Growth Theory. MIT Press, Cambridge, MA.
3. Amsden, A., 1989. Asia's Next Giant: South Korea and Late Industrialization. University Press, Oxford.
4. Amsden A. Why isn't the whole world experimenting with East Asian model to develop? Review of the East Asian miracle. World Development. 22(4):1994;627-633.
5. Arrow K.J. The economic implications of learning by doing. Review of Economic Studies. 29:1962;155-173.
6. Bardhan P. Symposium on the state and economic development. Journal of Economic Perspective. 4(3):1990;3-7.
7. Barro R. Economic growth in a cross-section of countries. Quarterly Journal of Economics. CVI:1991;407-443.
8. Barro, R., Sala-i-Martin, X., 1995. Economic Growth, McGraw-Hill.
9. Branstetter, L., 1996. Are Knowledge Spillovers International or National in Scope? Microeconometric Evidence from the US and Japan, NBER Working Paper, No. 5800, October.
10. Caballero, R., Jaffe, A., 1993. How High are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in A Model of Economic Growth, NBER Working Paper No. 4370, May.
11. Chari, V., Kehoe, P., McGrattan, E., 1996. The Poverty of Nations: A Quantitative Exploration, Federal Reserve Bank of Minneapolis Staff Report, No. 204, January.
12. Coe D., Helpman E. International R&D spillovers. European Economic Review. 39:1995;859-887.
13. Coe D., Helpman E., Hoffmaister A. North-South R&D spillovers. The Economic Journal. 107:1997;134-149.
14. Diao, X., Elbasha, E.H., Roe, T.L., Yeldan, E., 1996. A Dynamic CGE Model: An Application of R&D-Based Endogenous Growth Model Theory, EDC working paper No. 96-1, May, University of Minnesota.
15. Diao X., Roe T., Yeldan E. How fiscal mismanagement may impede trade reform: lessons from an intertemporal, multi-sector general equilibrium model for Turkey. The Developing Economies. 37(1):1999;59-88.
16. Eaton J., Kortum S. Trade in ideas: patenting and productivity in the OECD. Journal of International Economics. 40:1996;251-278.
17. Go D. External shocks, adjustment policies and investment in a developing economy: illustrations from a forward-looking CGE model of the Philippines. Journal of Development Economics. 44:1994;229-261.
18. Goulder L.H., Summers L.H. Tax policy, asset prices, and growth. A general equilibrium analysis. Journal of Public Economics. 38:1989;265-296.
19. Griliches Z. Productivity, R&D, and the data constraint. American Economic Review. 84:1994;1-23.
20. Grossman G., Helpman E. Comparative advantage and long-run growth. American Economic Review. 80(4):1990;796-825.
21. Grossman, G.M., Helpman, E., 1991. Innovation and Growth in the Global Economy. The MIT Press, Cambridge.
22. Grossman G.M., Helpman E. Endogenous innovation in the theory of growth. Journal of Economic Perspectives. 8:1994;23-41. Winter.
23. Hall R.E., Jones C.I. Levels of economic activity across countries. American Economic Review. 87(2):1997;173-177.
24. Helpman E. Endogenous macroeconomic growth theory. European Economic Review. 36:1992;237-267.
25. Hertel, T.W., Tsigas, M.E., 1995. GTAP Database, Version 3, Purdue University.
26. Ito, T., 1992. The Japanese Economy. MIT Press, Cambridge.
27. Jaffe A. Technological opportunity and spillover of R&D: evidence from firms' patents, profits and market value. American Economic Review. 76(5):1986;984-1001.
28. Jones, C., 1995a. Time series tests of endogenous growth models. Quarterly Journal of Economics, 495-525.
29. Jones C. R&D-based models of economic growth. Journal of Political Economy. 103(4):1995;759-784.
30. Jones, C., 1998. The Upcoming Slowdown in US Economic Growth, NBER Working paper No. 6284, November.
31. Jones L., Manuelli R. A convex model of equilibrium growth: theory and policy simulations. Journal of Political Economy. 98(5):1990;1008-1038.
32. Kaldor, N., 1961. Capital accumulation and economic growth. In: Luz, F. (Ed.), Theory of Capital, Macmillan, London.
33. Keller, W., 1996. Analyzing Spillovers Among Randomly Matched Trade Partners, SSRI Working Paper No. 9607, March, University of Wisconsin.
34. Keller, W., 1997. Trade and the Transmission of Technology, NBER Working Paper No. 6113, July.
35. King R.G., Rebelo S. Transitional dynamics and economic growth in the neoclassical model. American Economic Review. 83(4):1993;908-931.
36. Kortum S. Equilibrium R&D and the decline in the patent-R&D ratio: US evidence. American Economic Review: Papers and Proceedings. 83(2):1993;450-458.
37. Kwon J. Capacity utilization, economies of scale and technical change in the growth of total factor productivity: an explanation of South Korean manufacturing growth. Journal of Development Economics. 24(1):1986;75-89.
38. Kwon J. The East Asia challenge to neoclassical orthodoxy. World Development. 22(4):1994;635-644.
39. Lall S. Technological capabilities and industrialization. World Development. 20(2):1992;165-186.
40. Lall S. The East Asian miracle: does the bell toll for industrial strategy? World Development. 22(4):1994;645-654.
41. Lee J.-W. Capital goods imports and long-run growth. Journal of Development Economics. 48(1):1995;91-110.
42. Levine R., Renelt D. A sensitivity analysis of cross-country regressions. American Economic Review. 82:1992;942-963.
43. Lichtenberg, F., van P. de la Potterie, B., 1996. International R&D Spillovers: A Re-Examination, NBER Working Paper No. 5668.
44. Lucas R.E. Jr. On the mechanics of economic development. Journal of Monetary Economics. 22(1):1988;3-42.
45. Lucas R.E. Jr. Making a miracle. Econometrica. 61:1993;251-272.
46. Mankiw N., Romer D., Weil D. A contribution to the empirics of economics growth. Quarterly Journal of Economics. 107:1992;407-438.
47. Mansfield, E., 1984. Comment on "Using linked patent and R&D data to measure interindustry technology flows" paper by Scherer. In: Griliches (Ed.), R&D, Patents and Productivity. The University of Chicago Press, Chicago.
48. Mercenier J., Yeldan E. On Turkey's trade policy: how desirable is a status quo. European Economic Review. 41:1997;871-880.
49. Morishima, M., 1982. Why Has Japan Succeeded? Cambridge Univ. Press, Cambridge.
50. Ohkawa, K., Kohama, H., 1989. Lectures on Developing Economies. Tokyo University Press, Tokyo.
51. Page J. The East Asian miracle: an introduction. World Development. 22(4):1994;615-625.
52. Park W.G. International R&D spillovers and OECD economic growth. Economic Inquiry. 33:1995;571-591.
53. Rebelo S. Long run policy analysis and long run growth. Journal of Political Economy. 99(3):1991;500-521.
54. Rodriguez-Clare A. Multinationals, linkages, and economic development. American Economic Review. 86(4):1996;852-873.
55. Rodriguez-Clare A. Economic growth: a review essay. Journal of Monetary Economics. 40(3):1997;597-617.
56. Romer P.M. Endogenous technological change. Journal of Political Economy. 98:1990;S71-S102.
57. Romer P.M. The origins of endogenous growth. Journal of Economic Perspectives. 8(1):1994;3-22.
58. Sachs J., Warner A. Fundamental sources of long run growth. American Economic Review: Papers and Proceedings. 87(2):1997;184-188.
59. Sala-i-Martin, X., 1990. Lecture Notes on Economic Growth (I) and (II), NBER Working Papers, Nos. 3654 and 3655, December.
60. Sala-i-Martin X. I just ran two million regressions. American Economic Review. 87(2):1997;178-183.
61. Scherer, F.M., 1984. Using linked patent and R&D data to measure interindustry technology flows. In: Griliches (Ed.), R&D, Patents and Productivity. The University of Chicago Press, Chicago.
62. Solow R. Perspective on growth theory. Journal of Economic Perspectives. 8:1994;45-54.
63. Stiglitz J.E. Some lessons from the East Asian miracle. The World Bank Research Observer. 11(2):1996;151-177.
64. Taylor, S., 1996. Trade and Trade Policy in Endogenous Growth Models: A Review and Suggestions for Research, Seminar Paper No. 96-17, Center for International Economic Studies, University of Adelaide, November.
65. Terleckyj, N.E., 1974. Effects of R&D on the Productivity Growth of Industries: An Exploratory Study, Report No. 140, National Planning Association, Washington, DC.
66. UNESCO, 1993. Statistical Yearbook. UNESCO, Paris.
67. UNESCO, 1995. Statistical Yearbook. UNESCO, Paris.
68. Wade, R., 1990. Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization. Princeton Univ. Press, Princeton.
69. Wang, J., Xu, B., 1997. Trade, FDI, and R&D Spillovers in the OECD, University of Florida, October, mimeo.
70. Westphal, L., 1982. Fostering technological mastery by means of selective infant industry protection. In: Syrquin, Moshe, Simon (Eds.), Trade, Stability, Technology and Equity in Latin America. Academic Press, New York.
71. Westphal L. Industrial policy in an export-propelled economy: lessons from South Korea's experience. Journal of Economic Perspectives. 4(3):1990;41-59.
72. Westphal, L., Kim, K., 1982. Korea. In: Balassa, B., et al. (Ed.), Development Strategies in a Semi-Industrial Economy. Johns Hopkins Univ. Press, Baltimore.
73. Wollf E.N., Nadiri M.I. Spillover effects, linkage structure, and research and development. Structural Change and Economic Dynamics. 4:1993;315-331.
74. World Bank, 1999. World Development Report 1998/99: Knowledge for Development. Oxford Univ. Press, New York.