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In: R&D and Productivity: The Econometric Evidence

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  • Zvi Griliches

Abstract

R&D spillovers are, potentially, a major source of endogenous growth in various recent "New Growth Theory" models. This paper reviews the basic model of R&D spillovers and then focuses on the empirical evidence for their existence and magnitude. It reviews the older empirical literature with special attention to the econometric difficulties of actually coming up with convincing evidence on this topic. Taken individually,, many of the studies are flawed and subject to a variety of reservations, but the overall impression remains that R&D spillovers are both prevalent and important.

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This chapter was published in:

  • Zvi Griliches, 1998. "R&D and Productivity: The Econometric Evidence," NBER Books, National Bureau of Economic Research, Inc, number gril98-1, October.
    This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 8349.

    Handle: RePEc:nbr:nberch:8349

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