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International Spillovers in an Endogenous Growth
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
1993 (English)Report (Other academic)
Abstract [en]

This paper suggests and tests a simple stochastic model with international technological links where growth could be driven either by exogenous or endogenous accumulation of technological knowledge. The main prediction of the model is that per capita output in different countries are cointegrated. The model is tested on data for 15 industrialized countries over the period 1870-7985 and the results show that the model is rejected for most countries, but that it might be valid for the continental European countries.

Place, publisher, year, edition, pages
Stockholm: IIES , 1993. , 20 p.
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 551
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URN: urn:nbn:se:su:diva-41871OAI: diva2:338073
Available from: 2010-08-10 Created: 2010-08-10 Last updated: 2010-08-10Bibliographically approved

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