Technology in Growth
CEPR Discussion Paper Series No. 1901
Posted: 5 Jan 1999
Date Written: June 1998
We review the role of R&D in endogenous growth theory and describe extant empirical research--macro and micro--bearing on R&D as an engine of growth. Taking R&D to be key, while recognizing the significance of economic incentives, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues that property rights matter but in subtle counterintuitive ways, not yet fully investigated in research on endogenous growth.
JEL Classification: D90, O30, O33
Suggested Citation: Suggested Citation