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Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/82093 
Title: 

Are there Diminishing Returns to R&D?

Authors: 
Madsen, Jakob B.
Year of Publication: 
2006
Series/Report no.: 
EPRU Working Paper Series No. 2006-05
Publisher: 
University of Copenhagen, Economic Policy Research Unit (EPRU), Copenhagen
Abstract: 
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.
Subjects: 
returns to R&D
endogenous growth theory
JEL: 
O3
O4
Document Type: 
Working Paper
Appears in Collections:
EPRU Working Paper Series, Economic Policy Research Unit, University of Copenhagen

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