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Public and Private Investment in R&D: Complementary Effects and Interaction with Productivity Growth
[Investimento pubblico e privato: in R&S: complementarietà ed interazione con la crescita della produttività]

Author

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  • Mario Coccia

    (CERIS - Istituto di Ricerca sull' Impresa e lo Sviluppo - CNR - National Research Council of Italy | Consiglio Nazionale delle Ricerche)

Abstract

The purpose of this paper is to analyse the relationship between public and private research expenditures since it can provide important information to policy makers to improve the economic performance of country. Data from Eurostat are used. The methodology applies econometric models based on regression analyses. The main results are as follows: Public R&D expenditure is a complement for private R&D expenditure but the latter has to be higher than the former to be a determinant of a country's productivity growth. These results can be affected by several factors concerning the structure of National Systems of Innovation and Triple helix mechanisms. In addition, this research shows that the composition of public and private investment in research depends on the level of a country's development.

Suggested Citation

  • Mario Coccia, 2010. "Public and Private Investment in R&D: Complementary Effects and Interaction with Productivity Growth [Investimento pubblico e privato: in R&S: complementarietà ed interazione con la crescita della ," Post-Print hal-03468720, HAL.
    • Handle: RePEc:hal:journl:hal-03468720
    Note: View the original document on HAL open archive server: https://hal.science/hal-03468720
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    Citations

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    Cited by:

    1. Thomas H. W. Ziesemer, 2021. "The Effects of R&D Subsidies and Publicly Performed R&D on Business R&D: A Survey," Hacienda Pública Española / Review of Public Economics, IEF, vol. 236(1), pages 171-205, March.
    2. Sharif, Naubahar & Chandra, Kevin & Mansoor, Athar & Sinha, Kirti Bhasin, 2021. "A comparative analysis of research and development spending and total factor productivity growth in Hong Kong, Shenzhen, Singapore," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 108-120.
    3. Ziesemer, Thomas, 2020. "Semi-endogenous growth models with domestic and foreign private and public R&D linked to VECMs with evidence for five countries," MERIT Working Papers 2020-013, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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