Measuring the social rate of return to R&D in coal, petroleum and nuclear manufacturing: A study of the OECD countries

被引:11
作者
Corderi, David [1 ]
Lin, C. -Y. Cynthia [1 ]
机构
[1] Univ Calif Davis, Dept Agr & Resource Econ, Davis, CA 95616 USA
关键词
Social rate of return to R&D; Energy; R&D; PRODUCTIVITY GROWTH; TECHNOLOGY FLOWS; SPILLOVERS;
D O I
10.1016/j.enpol.2011.02.048
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper estimates the social rate of return to research and development (R&D) in the energy manufacturing industry. Our model tries to quantify the positive contribution that lagged R&D has on total factor productivity (TFP) growth in the manufacturing of coal, petroleum products and nuclear fuel for a number of OECD countries. Using a panel of data from the OECD STAN database we are able to obtain results suggesting that R&D has a positive and significant rate of return that varies for each country. (C) 2011 Elsevier Ltd. All rights reserved.
引用
收藏
页码:2780 / 2785
页数:6
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