Total Factor Productivity and R&D Capital in Manufacturing Industries
AbstractThis study analyzes total factor productivity in manufacturing industries for a sample of OECD countries. The estimates of Malmquist indexes clearly indicate that research and development (R&D) capital is an important determinant of productivity growth in manufacturing industries. The empirical results also show that it is the pace, not the intensity, of R&D investment that is significantly related to the extent to which R&D capital formation contributes to output growth. Furthermore, this study finds that productivity gains in manufacturing industries depend importantly on R&D spillovers as well.
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Bibliographic InfoPaper provided by East-West Center, Economics Study Area in its series Economics Study Area Working Papers with number 89.
Length: pages 16
Date of creation: Jun 2006
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-09-03 (All new papers)
- NEP-BEC-2006-09-03 (Business Economics)
- NEP-EFF-2006-09-03 (Efficiency & Productivity)
- NEP-INO-2006-09-03 (Innovation)
- NEP-SOC-2006-09-03 (Social Norms & Social Capital)
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