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International Comparisons of R&D Expenditure: Does an R&D PPP make a difference?

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Author Info

  • Sean M. Dougherty

    ()
    (OECD)

  • Robert Inklaar

    ()
    (University of Groningen)

  • Robert H. McGuckin

    (The Conference Board)

  • Bart van Ark

    ()
    (The Conference Board and University of Groningen)

Abstract

Purchasing power parities (PPPs) for R&D expenditure in 19 manufacturing industries are developed for France, Germany, Japan, the Netherlands and the United Kingdom relative to the United States for the years 1997 and 1987. These PPPs are based on R&D input prices for specific cost categories and differ substantially from current practice of comparing R&D expenditure using GDP PPPs and deflators. After taking into account differences in the relative price of R&D labor and materials, separate PPPs for other R&D cost categories are less essential, and a simpler version using GDP PPPs for these other categories should suffice. Our preferred PPPs are used to compare international R&D costs and intensity. The results suggest that the efforts devoted to R&D in each country are more similar across countries than is apparent using the nominal R&D intensities that are currently the norm.

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File URL: http://www.conference-board.org/economics/workingpapers.cfm?pdf=E-0018-03-WP
File Function: First version, 2003
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File URL: http://www.conference-board.org/economics/workingpapers.cfm?pdf=E-0016-04-WP
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File URL: http://papers.nber.org/papers/w12829.pdf
File Function: Revised version, 2006
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Bibliographic Info

Paper provided by The Conference Board, Economics Program in its series Economics Program Working Papers with number 03-03.

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Length: 49 pages
Date of creation: Jul 2003
Date of revision: Jun 2006
Publication status: Published in Ernst R. Berndt and Charles M. Hulten (editors), Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, The University of Chicago Press, Spring 2007.
Handle: RePEc:cnf:wpaper:0303

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Keywords: R&D; PPP; price indexes; research; development; innovation;

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References

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  1. Charles R. Hulten & Edwin R. Dean & Michael J. Harper, 2001. "New Developments in Productivity Analysis," NBER Books, National Bureau of Economic Research, Inc, number hult01-1.
  2. Inklaar, Robert & Wu, Harry & Ark, Bart van, 2003. ""Losing ground" : Japanese labour productivity and unit laboour cost manufacturing in comparison to the U.S," GGDC Research Memorandum 200364, Groningen Growth and Development Centre, University of Groningen.
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  4. Danzon, Patricia M. & Chao, Li-Wei, 2000. "Cross-national price differences for pharmaceuticals: how large, and why?," Journal of Health Economics, Elsevier, vol. 19(2), pages 159-195, March.
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  7. Heston, Alan & Summers, Robert, 1996. "International Price and Quantity Comparisons: Potentials and Pitfalls," American Economic Review, American Economic Association, vol. 86(2), pages 20-24, May.
  8. Barbara M. Fraumeni & Sumiye Okubo, 2005. "R&D in the National Income and Product Accounts: A First Look at Its Effect on GDP," NBER Chapters, in: Measuring Capital in the New Economy, pages 275-322 National Bureau of Economic Research, Inc.
  9. Zvi Griliches, 1984. "R & D, Patents, and Productivity," NBER Books, National Bureau of Economic Research, Inc, number gril84-1.
  10. Hill, Robert J., 2003. "Constructing price indexes across space and time: the case of the European Union," GGDC Research Memorandum 200362, Groningen Growth and Development Centre, University of Groningen.
  11. MacDonald, A S, 1973. "Exchange Rates for National Expenditure on Research and Development," Economic Journal, Royal Economic Society, vol. 83(330), pages 477-94, June.
  12. Gersbach, Hans & Ark, Bart van, 1994. "Micro Foundations for International Productivity Comparisons," GGDC Research Memorandum 199411, Groningen Growth and Development Centre, University of Groningen.
  13. Robert H. McGuckin & Bart van Ark & Sean M. Dougherty & Robert Inklaar, 2006. "Appendices to Internationally Comparable Science, Technology and Competitiveness Indicators," Economics Program Working Papers 06-01, The Conference Board, Economics Program.
  14. Robert H. McGuckin & Robert Inklaar & Bart van Ark & Sean M. Dougherty, 2004. "The Structure of Business R&D: Recent Trends and Measurement Implications," Economics Program Working Papers 04-01, The Conference Board, Economics Program.
  15. Charles R. Hulten, 2001. "Total Factor Productivity. A Short Biography," NBER Chapters, in: New Developments in Productivity Analysis, pages 1-54 National Bureau of Economic Research, Inc.
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Citations

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Cited by:
  1. Richard M. H. Suen, 2013. "Research Policy and U.S. Economic Growth," Working papers 2013-18, University of Connecticut, Department of Economics.
  2. Jakob Madsen, 2008. "Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data," Journal of Economic Growth, Springer, vol. 13(1), pages 1-26, March.
  3. Robert H. McGuckin & Robert Inklaar & Bart van Ark & Sean M. Dougherty, 2004. "The Structure of Business R&D: Recent Trends and Measurement Implications," Economics Program Working Papers 04-01, The Conference Board, Economics Program.
  4. Sabine Visser, 2007. "R&D in Worldscan," CPB Memorandum 189, CPB Netherlands Bureau for Economic Policy Analysis.

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