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R&D, innovation, and growth: evidence from four manufacturing sectors in OECD countries

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  • Hulya Ulku
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    Abstract

    This paper provides an empirical analysis of the relationship between R&D intensity, rate of innovation and growth rate of output in four manufacturing sectors from 17 OECD countries. The findings suggest that the knowledge stock is the main determinant of innovation in all four manufacturing sectors and that R&D intensity increases the rate of innovation in the chemicals, electrical and electronics, and drugs and medicine sectors. In addition, the rate of innovation has a positive effect on the growth rate of output in all sectors. These findings lend strong support to non-scale endogenous growth theories. Copyright 2007 , Oxford University Press.

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    File URL: http://hdl.handle.net/10.1093/oep/gpl022
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    Bibliographic Info

    Article provided by Oxford University Press in its journal Oxford Economic Papers.

    Volume (Year): 59 (2007)
    Issue (Month): 3 (July)
    Pages: 513-535

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    Handle: RePEc:oup:oxecpp:v:59:y:2007:i:3:p:513-535

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    Cited by:
    1. Valeria Costantini & Paolo Liberati, 2011. "Technology transfer, institutions and development," Departmental Working Papers of Economics - University 'Roma Tre', Department of Economics - University Roma Tre 0135, Department of Economics - University Roma Tre.
    2. Harada, Tsutomu, 2012. "Advantages of backwardness and forwardness with shifting comparative advantage," Research in Economics, Elsevier, Elsevier, vol. 66(1), pages 72-81.
    3. Cristiano Antonelli & Jackie Krafft & Francesco Quatraro, 2010. "Recombinant Knowledge and Growth: The Case of ICTs," Post-Print, HAL hal-00448649, HAL.
    4. Katsuhiko Hori & Katsunori Yamada, 2009. "Education, Innovation, and Long-Run Growth," ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 0731, Institute of Social and Economic Research, Osaka University, revised Mar 2009.

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