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A quantitative reassessment of the finance-growth nexus: evidence from a multivariate VAR
Abstract The long-run relationship between financial development and economic growth is examined in a multivariate vector autoregression (VAR) framework using 10 sample countries. Difficulties… Expand
Financial structure and economic growth
Recent empirical work on financial structure and economic growth analyzes multi-country dataset in panel and/or cross-section frameworks and concludes that financial structure is irrelevant. We… Expand
Triadic Patent Families Methodology
Patent indicators – within the science and technology (S&T) context – are used to measure inventive performance, diffusion of knowledge and internationalisation of innovative activities – across… Expand
Sources of Knowledge and Productivity: How Robust is the Relationship?
We estimate domestic productivity relationships for a sample of 16 OECD countries through probably the most general specification yet. We identify ten key determinants of productivity - all derived… Expand
Are International R&D Spillovers Costly for the United States?
Coe and Helpman, among others, report positive and equivalent R&D spillovers across groups of countries. However, the nature of their econometric tests does not address the heterogeneity of knowledge… Expand
On the robustness of R&D
Alternative models of productivity predict a range of its determinants besides that of research and development (R&D). We investigate the robustness of R&D vis-à-vis a dozen productivity determinants… Expand
Global Overview of Innovative Activities from the Patent Indicators Perspective
This paper provides an overview of innovative activities across a wide range of OECD member and non-member countries, based on international comparable patent indicators. Patent data are frequently… Expand
Financial development, structure and growth: New data, method and results
The existing weight of evidence suggests that financial structure (the classification of a financial system as bank-based versus market-based) is irrelevant for economic growth. This contradicts the… Expand
Exploring the worldwide patent surge
Worldwide patent filings are at historically unprecedented levels. In 2011, the total number of patent applications for the first time exceeded two million – double the approximately 1.05 million… Expand
Basic, Applied and Experimental Knowledge and Productivity: Further Evidence
Analyzing a novel dataset we find significantly positive effects of basic, and applied and experimental knowledge stocks on domestic output and productivity for a panel of 10 OECD countries. This… Expand