Economic Growth, TFP Convergence and the World Export of Ideas: A Century of Evidence

24 Pages Posted: 9 May 2008

See all articles by Jakob B. Madsen

Jakob B. Madsen

University of Copenhagen - Department of Economics

Date Written: 2007-05

Abstract

This paper examines the effect of international patent stock on total factor productivity for 16 OECD countries over the past 120 years. The results show that the international patent stock is highly influential for economic growth and, together with knowledge spillovers through the channel of imports, has contributed significantly to TFP growth and Ã-convergence among the OECD countries over the past 120 years.

Suggested Citation

Madsen, Jakob Bruechner, Economic Growth, TFP Convergence and the World Export of Ideas: A Century of Evidence (2007-05). Scandinavian Journal of Economics, Vol. 110, Issue 1, pp. 145-167, March 2008, Available at SSRN: https://ssrn.com/abstract=1131010 or http://dx.doi.org/10.1111/j.1467-9442.2008.00530.x

Jakob Bruechner Madsen (Contact Author)

University of Copenhagen - Department of Economics ( email )

Øster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark

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