| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062578 | Economics Letters | 2007 | 6 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jakob B. Madsen,