Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries
نویسندگان
چکیده
Many writers have claimed that research and development (R&D) has two faces. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer (absorptive capacity). We explore this idea empirically using a panel of industries across twelve OECD countries. We find R&D to be statistically and economically important in both technological catch-up and innovation. Human capital also plays an major role in productivity growth, but we only find a small effect of trade. In failing to take account of R&D-based absorptive capacity, existing U.S.-based studies may underestimate the return to R&D.
منابع مشابه
Panel of Oecd Industries
Many writers have claimed that research and development (R&D) has two ‘faces’. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge (‘absorptive capacity’). In this paper we explore this idea empirically using a panel of industries across twelve OECD countries. We find evide...
متن کاملResearch and Development Investment and Productivity Growth in Firms with Different Levels of Technology
I n the modern competitive world, Research and Development (R&D) and its overflowing technologies are the main basis of innovation, which in turn, can be determined as an important source of economic growth. Investing in research activities can help firms with different technological levels, especially high-tech industries to improve their productivity. This paper aims to analyze the...
متن کاملR&D Intensity, ICT Investment and Industry Productivity Growth*
This paper takes a step toward identifying the ultimate drivers of productivity growth at the industry level. Based on Neoclassical and New Growth Theory we develop an empirical methodology that allows us to test for the fundamental drivers of industry productivity growth. We present two sets of industry classifications, one based on ICT intensity and another based on innovation types. Using OE...
متن کاملDEPARTMENT OF ECONOMICS WORKING PAPER SERIES R&D Spillovers Through Trade in a Panel of OECD Industries
This paper investigates the significance of Research and Development (R&D) spillovers through intraand international trade in intermediate goods for productivity growth in a panel of OECD industries during 1973-1994. In the model, four different sources of R&D are identified: R&D conducted in the particular industry itself, R&D conducted in the same industries in other countries, R&D conducted ...
متن کاملR&D Resources Allocation and Productivity Growth in the OECD Manufacturing Industries
This study is intended to underline the importance of the role played by the cross-industry allocation of R&D resources, as indicated by several indices measuring R&D inequality, within the manufacturing industries of each country, and how it determines cross-country productivity growth. In other words, the main debate is whether national R&D policies for promoting productivity growth should be...
متن کامل