ECONOMIC GROWTH IN A WORLD OF IDEAS: THE US AND THE LEADING EUROPEAN COUNTRIES

Rafael L. Myro (1) , Alberto Colino (1) , Patricio Pérez (2)

1 Economía Aplicada II
2 Economía

This article discusses the ideas creation model that was initially formulated by Paul Romer and later generalized and empirically applied by Charles Jones. In particular, we generalize Jones' model to include catching up to a technological frontier, which improves the empirical results for European countries, and ensures convergence to the technological frontier in the steady state.

Mots clés: Social Sciences & Humanities

Rafael L. Myro, Alberto Colino, Patricio Pérez. ECONOMIC GROWTH IN A WORLD OF IDEAS: THE US AND THE LEADING EUROPEAN COUNTRIES. Applied Economics, 2008, 40 (22), pp.2901-2909. ⟨10.1080/00036840600993957⟩. ⟨hal-00581995⟩