Are there Diminishing Returns to R&D?
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- Wp-06-05
Final published version, 67.8 KB, PDF document
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
| Original language | English |
|---|---|
| Place of Publication | Cph. |
| Publisher | Department of Economics, University of Copenhagen |
| Number of pages | 9 |
| Publication status | Published - 2006 |
- Faculty of Social Sciences - endogenous growth theory
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ID: 327363