01831cas a2200253 a 4500 AALejournalIMF003510 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451860931 1018-5941 BD-DhAAL BD-DhAAL Joutz, Frederick. Relating the Knowledge Production Function to Total Factor Productivity : An Endogenous Growth Puzzle / Frederick Joutz, Yasser Abdih. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The knowledge production function is central to R and 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. Mode of access: Internet Abdih, Yasser. IMF Working Papers; Working Paper ; No. 2005/074 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/074/001.2005.issue-074-en.xml IMF e-Library