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Accounting for Research and Productivity Growth Across Industries

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Author Info
L. Rachel Ngai
Roberto M. Samaniego

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Abstract

What factors underlie industry differences in research intensity and productivity growth? Wedevelop a multi-sector endogenous growth model allowing for industry specific parameters inthe production functions for output and knowledge, and in consumer preferences. We findthat industry differences in both productivity growth and R&D intensity mainly reflectdifferences in "technological opportunities", interpreted as parameters of knowledgeproduction. These include the capital intensity of R&D, knowledge spillovers, anddiminishing returns to R&D. Among these parameters, we find that the degree of diminishingreturns to R&D is the dominant factor when the model is calibrated to account for crossindustrydifferences in the US.

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Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0914.

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Date of creation: Mar 2009
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Handle: RePEc:cep:cepdps:dp0914

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Related research
Keywords: Multisector growth; total factor productivity; R&D intensity; technologicalopportunity;

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Find related papers by JEL classification:
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
O3 - Economic Development, Technological Change, and Growth - - Technological Change
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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  16. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October. [Downloadable!] (restricted)
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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. Anna Ilyina & Roberto M. Samaniego, 2009. "A Multi-industry Model of Growth with Financing Constraints," IMF Working Papers 09/119, International Monetary Fund. [Downloadable!]
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