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Mapping the two faces of R&D: productivity growth in a panel of OECD industries
| Content Provider | EconStor |
|---|---|
| Author | Griffith, Rachel Redding, Stephen Reenen, John Van |
| Abstract | Many writers have claimed that 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 document that there has been convergence of TFP within a panel of industries across thirteen OECD countries since 1970. Furthermore, we find evidence that both R&D and human capital appear statistically and economically important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in productivity growth. |
| File Format | |
| ISSN | 17420415 |
| DOI | 10.1920/wp.ifs.2000.0002 |
| Language | English |
| Publisher | Institute for Fiscal Studies (IFS) |
| Publisher Date | 2000-01-01 |
| Publisher Place | London |
| Access Restriction | Open |
| Rights Holder | http://www.econstor.eu/dspace/Nutzungsbedingungen |
| Subject Keyword | R&D human capital Total Factor Productivity convergence Forschung Produktivität Entwicklungskonvergenz Wirtschaftswachstum Innovation Humankapital Theorie Schätzung OECD-Staaten Innovation • Research and Development • Technological Change • Intellectual Property Rights Economic Growth and Aggregate Productivity |
| Content Type | Text |
| Resource Type | Article |
