R&D and Productivity: A Two Way Avenue?

Claudio Bravo-Ortega, Álvaro García Marín

Resultado de la investigación: Contribución a una revistaArtículorevisión exhaustiva

45 Citas (Scopus)

Resumen

Most of the empirical studies assessing the R&D-productivity relationship at the country level fail to consider the possible simultaneity of these variables. Using a 65-country panel for the period between 1965 and 2005, this paper studies the relationship between R&D and productivity using several R&D indicators. We establish that per capita R&D expenditure is strongly exogenous to productivity. This result allows us to develop a further argument that demonstrates the high social returns to R&D spending. Our estimates also indicate that a 10% increase in R&D per capita generates an average increase of about 1.6% in the long-run TFP.
Idioma originalInglés estadounidense
Páginas (desde-hasta)1090-1107
Número de páginas18
PublicaciónWorld Development
Volumen39
N.º7
DOI
EstadoPublicada - 1 jul 2011
Publicado de forma externa

Palabras clave

  • Country panel
  • Economic growth
  • Endogeneity
  • Innovation
  • Productivity

Huella Profundice en los temas de investigación de 'R&D and Productivity: A Two Way Avenue?'. En conjunto forman una huella única.

Citar esto