This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

A Schumpeter-inspired approach to the construction of R&D capital stocks

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Jürgen Bitzer
Andreas Stephan

Additional information is available for the following registered author(s):

Abstract

A new method for constructing R&D capital stocks is proposed and tested. Following Schumpeter, the development of R&D capital stocks is modelled as a process of creative destruction. Newly generated knowledge is assumed not only to add to the existing R&D capital stocks but also, by displacing old knowledge, to destroy part of that capital. This is in stark contrast to the perpetual inventory method, which postulates a constant rate of depreciation. We compare both methods by estimating the impact of R&D and spillovers on output of 9 industries in 12 OECD countries, and find that the new approach leads to more sensible and robust results.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help file. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://taylorandfrancis.metapress.com/link.asp?target=contribution&id=W467X941N7K455J7
File Format: text/html
File Function:
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Economics.

Volume (Year): 39 (2007)
Issue (Month): 2 (February)
Pages: 179-189
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:taf:applec:v:39:y:2007:i:2:p:179-189

Contact details of provider:
Web page: http://www.tandf.co.uk/journals/routledge/00036846.html

Order Information:
Web: http://www.tandf.co.uk/journals/subscription.html

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords:

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Hall, Bronwyn H. & Mairesse, Jacques, 1995. "Exploring the relationship between R&D and productivity in French manufacturing firms," Journal of Econometrics, Elsevier, vol. 65(1), pages 263-293, January. [Downloadable!] (restricted)
    Other versions:
  2. Zvi Griliches, 1958. "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of Political Economy, University of Chicago Press, vol. 66, pages 419. [Downloadable!] (restricted)
  3. Wolfgang Keller, 1999. "How Trade Patterns and Technology Flows Affect Productivity Growth," NBER Working Papers 6990, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Edmond, Chris, 2001. "Some Panel Cointegration Models of International R&D Spillovers," Journal of Macroeconomics, Elsevier, vol. 23(2), pages 241-260, April. [Downloadable!] (restricted)
  5. Zvi Griliches, 1992. "The Search for R&D Spillovers," NBER Working Papers 3768, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  6. Wolfgang Keller, 2001. "The Geography and Channels of Diffusion at the World's Technology Frontier," NBER Working Papers 8150, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  7. Jürgen Bitzer, 2005. "Measuring Knowledge Stocks: A Process of Creative Destruction," Kyklos, Blackwell Publishing, vol. 58(3), pages 379-393, 07. [Downloadable!] (restricted)
  8. Atella, Vincenzo & Quintieri, Beniamino, 2001. "Do R&D Expenditures Really Matter for TFP?," Applied Economics, Taylor and Francis Journals, vol. 33(11), pages 1385-89, September. [Downloadable!] (restricted)
  9. David T. Coe & Elhanan Helpman, 1993. "International R&D Spillovers," IMF Working Papers 93/84, International Monetary Fund.
    Other versions:
  10. Zvi Griliches, 1979. "Issues in Assessing the Contribution of Research and Development to Productivity Growth," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 92-116, Spring. [Downloadable!] (restricted)
  11. Bart Verspagen, 1997. "Estimating international technology spillovers using technology flow matrices," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 133(2), pages 226-248, 06. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Pedro Mazeda Gil & Óscar Afonso, 2008. "Technological-Knowledge Dynamics in Lab-Equipment Models of Quality Ladders," FEP Working Papers 283, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
  2. Susanne Sieber, . "Österreichs Attraktivität für ausländische Direktinvestitionen sowie als Standort für Headquarters Funktionen," FIW Research Reports series 21, FIW. [Downloadable!]
  3. W. Altzinger, . "Österreichs Multinationalen Unternehmen (MNUs) und deren konzernexterner und - interner Handel," FIW Research Reports series 23, FIW. [Downloadable!]
  4. Julia Woerz & Olga Pindyuk, . "Trade in Services: Note on the Measurement and Quality of Data Sources," FIW Research Reports series 1, FIW. [Downloadable!]
  5. W. Altzinger, . "The Profitability of Austrian Foreign Direct Investment - Reinvestment or Repatriation?," FIW Research Reports series 10, FIW. [Downloadable!]
  6. W. Koller & Robert Stehrer, . "Outsourcing and Employment: A Decomposition Approach," FIW Research Reports series 18, FIW. [Downloadable!]
  7. Bernhard Felderer & Günther Grohall & Christian Haefke & Ulrich Schuh & Edith Skriner, . "Verflechtungen in der österreichischen Außenwirtschaft," FIW Research Reports series 24, FIW. [Downloadable!]
  8. Joseph F. Francois & Olga Pindyuk & Julia Woerz, . "Trade Effects of Services Trade Liberalization in the EU," FIW Research Reports series 4, FIW. [Downloadable!]
  9. Alexandre Almeida & Aurora A.C. Teixeira, 2007. "Does Patenting negatively impact on R&D investment?An international panel data assessment," FEP Working Papers 255, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
  10. Klaus Nowotny & Gerhard Palme, . "Fokus Ostintegration: Grenzüberschreitende Dienstleistungserbringung in die neuen EU Länder," FIW Research Reports series 6, FIW. [Downloadable!]
  11. Martin Falk & Yvonne Wolfmayr, . "The Impact of Outward FDI in Central and Eastern Europe on Employment in the EU-15 Countries," FIW Research Reports series 16, FIW. [Downloadable!]
Statistics
Access and download statistics

Did you know? You too can volunteer for RePEc, for example by encouraging others to register as authors.

This page was last updated on 2008-9-25.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.