Scale Effect on Endogenous Growth: An EvaluationEconomics Bulletin (2009)
AbstractThe aim of this paper is to empirically evaluate the “scale effect” as in Segerstrom (1998). To this end, we first build a new concordance table between SIC and USPCS codes. Then we analyze the difficulty index of each U.S. manufacturing industry using the patents forward citations data. Finally we evaluate by SUR method the relation between the difficulty index and the number of S&E by industry. Our investigation concludes showing that in the traditional sectors the “scale effect” is lower than in the new ones.
Publication DateWinter February, 2009
Citation InformationFrancesco Schettino. "Scale Effect on Endogenous Growth: An Evaluation" Economics Bulletin (2009)
Available at: http://works.bepress.com/francesco_schettino/4/