R&D and Productivity: A Two Way Avenue?

被引：70

作者：

Bravo-Ortega, Claudio ^{[1
]}

Garcia Marin, Alvaro ^{[1
,2
]}

机构：

[1] Univ Chile, Dept Econ, Santiago, Chile

[2] Univ Calif Los Angeles, Anderson Sch Management, Los Angeles, CA 90024 USA

来源：

WORLD DEVELOPMENT | 2011年 / 39卷 / 07期

关键词：

innovation; productivity; endogeneity; economic growth; country panel; PANEL-DATA; FINANCIAL DEVELOPMENT; GROWTH; SPILLOVERS; TRADE; RESTRICTIONS; OPENNESS; MARKETS; TESTS; TOO;

D O I：

10.1016/j.worlddev.2010.11.006

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

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. (C) 2011 Elsevier Ltd. All rights reserved.

引用

页码：1090 / 1107

页数：18

共 68 条

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