A Note on The Drivers of R&D Intensity
AbstractThe objective of this paper is to evaluate the extent to which technological specialization influences the observed R&D intensity of countries. The econometric analysis performed on a cross-country cross-industry panel dataset (21 industrial sectors, 18 countries, from 2001 to 2004) suggests that accounting for the technological specialisation of countries substantially affect the traditional country ranking. The exceptions are Sweden, The United States, France and Japan, which have an ‘above-than-average’ R&D intensity in most industries, as compared to the 14 other countries. The high level of R&D intensity of South Korea and Finland, for instance, is essentially due to their specialisation in R&D-intensive industries, and not to a macroeconomic environment particularly favourable to R&D.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 6684.
Date of creation: Feb 2008
Date of revision:
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Other versions of this item:
- E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-12 (All new papers)
- NEP-INO-2008-04-12 (Innovation)
- NEP-IPR-2008-04-12 (Intellectual Property Rights)
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