TY - BOOK ID - 84542435 TI - Relating the Knowledge Production Function to Total Factor Productivity : An Endogenous Growth Puzzle AU - Joutz, Frederick. AU - Abdih, Yasser. AU - International Monetary Fund. PY - 2005 SN - 1462312500 1452746133 128351852X 1451906293 9786613830975 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Electronic books. -- local. KW - Endogenous growth (Economics). KW - Industrial productivity. KW - Production (Economic theory). KW - Research, Industrial -- Econometric models. KW - Econometrics KW - Investments: Stocks KW - Macroeconomics KW - Production and Operations Management KW - Production KW - Cost KW - Capital and Total Factor Productivity KW - Capacity KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Time-Series Models KW - Dynamic Quantile Regressions KW - Dynamic Treatment Effect Models KW - Diffusion Processes KW - Macroeconomics: Production KW - Externalities KW - Investment & securities KW - Econometrics & economic statistics KW - Total factor productivity KW - Stocks KW - Vector autoregression KW - Productivity KW - Spillovers KW - Industrial productivity KW - International finance KW - United States KW - Endogenous growth (Economics) KW - Research, Industrial KW - Production (Economic theory) KW - Econometric models. UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542435 AB - The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second captures a long-run positive relationship between TFP and the knowledge stock. The results indicate the presence of strong intertemporal knowledge spillovers and that the long-run impact of the knowledge stock on TFP is small. This evidence is interpreted in light of existing theoretical and empirical evidence on endogenous growth. ER -