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Do Higher Per Capita Incomes Lead to More R&D Expenditure?

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  • Henrik Braconier

Abstract

This paper analyzes empirically the relationship between R&D and growth. The estimated elasticity of per capita R&D expenditures with respect to domestic per capita incomes lies between 1.81 and 2.93 for the ten OECDcountries studied, whereas the elasticity of R&D with respect to foreign demand lies between 0.43 and 0.68. The paper introduces a “standard” GDP growth accounting equation where current productivity is a function ofprevious R&D. The results indicate that OLS estimates of spillovers from R&D have an upward bias of more than 40%.

Suggested Citation

  • Henrik Braconier, 2000. "Do Higher Per Capita Incomes Lead to More R&D Expenditure?," Review of Development Economics, Wiley Blackwell, vol. 4(3), pages 244-257, October.
    • Handle: RePEc:bla:rdevec:v:4:y:2000:i:3:p:244-257
    DOI: 10.1111/1467-9361.00092
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    Cited by:

    1. Pradhan, Jaya Prakash, 2011. "Regional heterogeneity and firms’ innovation: the role of regional factors in industrial R&D in India," MPRA Paper 28096, University Library of Munich, Germany.
    2. Wang, Eric C., 2010. "Determinants of R&D investment: The Extreme-Bounds-Analysis approach applied to 26 OECD countries," Research Policy, Elsevier, vol. 39(1), pages 103-116, February.
    3. Ghebrihiwet, Nahom & Kinda, Tidiane, 2021. "Downstream beneficiation: A cross-country analysis of factors underlying the emergence of a steel industry," Resources Policy, Elsevier, vol. 70(C).
    4. Bulent Guloglu & R. Tekin, 2012. "A Panel Causality Analysis of the Relationship among Research and Development, Innovation, and Economic Growth in High-Income OECD Countries," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 2(1), pages 32-47, June.
    5. Francisco J. Delgado & Matías Mayor & Maria J. Presno, 2024. "Heterogeneity of Research and Development Expenditure: A Convergence Analysis for the Spanish Regions," International Regional Science Review, , vol. 47(1), pages 67-99, January.
    6. Mihaela SIMIONESCU, 2015. "The regional competitiveness in Romania. A panel multivariate approach," Romanian Journal of Economics, Institute of National Economy, vol. 41(2(50)), pages 103-120, december.
    7. Zizi goschin, 2014. "R&D As An Engine Of Regional Economic Growth In Romania," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 8(1), pages 24-37, JUNE.
    8. Kamguia, Brice & Keneck-Massil, Joseph & Nvuh-Njoya, Youssouf & Tadadjeu, Sosson, 2022. "Natural resources and innovation: Is the R&D sector cursed too?," Resources Policy, Elsevier, vol. 77(C).

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