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R&D Intensity, Technology Transfer and Absorptive Capacity

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Author Info
Md. Rabiul Islam
Abstract

In the line of Schumpeterian fully endogenous growth theory, this study attempts to investigate whether differences in research intensity as well as absorptive capacity help to explain cross-country differences in productivity growth in a panel of 55 sample countries including 23 OECD and 32 developing economies over the period 1970 to 2004. Using several indicators of innovative activity and product variety empirical results from system GMM estimator confirm that research intensity has significant positive effect on productivity growth in both the OECD and developing countries. TFP growth is also found to be enhanced by the distance to technology frontier in both the group of countries. R&D based absorptive capacity seems to have significant positive impact on productivity growth in both the groups though strong in OECD countries. Human capital based technology transfer is found significant and robust in both the OECD and developing countries. Absorptive capacity appears to be sensitive to the model specification and measurement of innovative activity as well as product variety.

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File URL: http://www.buseco.monash.edu.au/eco/research/papers/2009/1309intensityislam.pdf
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Paper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number 13/09.

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Length: 60 pages
Date of creation: 03 Jun 2009
Date of revision:
Handle: RePEc:mos:moswps:2009-13

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Postal: Department of Economics, Monash University, Victoria 3800, Australia
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Related research
Keywords: Schumpeterian growth theory; R&D intensity; TFP growth; technology transfer; human capital; absorptive capacity; system GMM; OECD; developing countries;

Find related papers by JEL classification:
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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