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DOI: 10.5445/IR/1000050445

Schumpeterian growth with technological interdependence: An application to US states

Deeken, Tim

Abstract:
In this paper, the Schumpeterian growth model developed by Ertur and Koch (2011) that includes spatial interactions between units of observation working via R&D spillovers is presented in detail. The implications of this model and three additional growth models with and without spatial interaction that are nested within this framework are tested for the US states econometrically. It is found that investments in R&D have a positive impact on steady-state income per worker in the Schumpeterian growth model without complex interaction between states, but this effect is absent in the model proposed by Ertur and Koch (2011), even though the estimate for the coefficient measuring interconnectedness between regions is positive and significant. This latter result is robust to alternative specifications of the interaction matrix.


Zugehörige Institution(en) am KIT Institut für Volkswirtschaftslehre (ECON)
Publikationstyp Forschungsbericht
Jahr 2015
Sprache Englisch
Identifikator ISSN: 2190-9806
URN: urn:nbn:de:swb:90-504457
KITopen ID: 1000050445
Verlag KIT, Karlsruhe
Umfang 74 S.
Serie Working paper series in economics ; 75
Schlagworte R&D spillovers; Schumpeterian growth; spatial econometrics
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