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R&D, Production Structure, and Productivity Growth in the U.S., Japaneseand German Manufacturing Sectors

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  • Pierre A. Mohnen
  • M. Ishaq Nadiri
  • Ingmar R. Prucha

Abstract

The paper analyzes the production structure and the demand for inputs in three major industrialized countries, the U.S., Japan and Germany. A dynamic factor demand model with two variable inputs (labor and energy)and two quasi-fixed inputs (capital and R&D) is derived directly from an intertemporal cost-minimization problem formulated in discrete time. Adjustment costs are explicitly specified. The model is estimated for the manufacturing sector of the three countries using annual data from 1965 to 1977. Particular attention is given to the role of R&D. For all countries the rate of return on R&D is found to be higher than that on capital. Their respective magnitudes are similar across countries.We find considerable differences in factor demand schedules; we also find that for all countries the speed of adjustment for capital is higher than that of R&D. Adjustment costs are of importance in the demand equations for capital and R&D, but play a minor role in the decomposition of total factor productivity growth.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 1264.

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Date of creation: Jan 1984
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Publication status: published as Mohnen, P., M.I. Nadiri and I Prucha. "R&D, Production Structure, and Rates of Growth in the U.S., Japanese and German Manufacturing Sectors, Actes, du Colleque sur l'Econometrie de la Recherche, 1983, pp. 171-221, Paris: Institut National de la Statistique et des Etudes Economiques.
Handle: RePEc:nbr:nberwo:1264

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Cited by:
  1. Bester, Helmut & Petrakis, Emmanuel, 2003. "Wages and productivity growth in a competitive industry," Journal of Economic Theory, Elsevier, Elsevier, vol. 109(1), pages 52-69, March.
  2. Zvi Griliches & Jacques Mairesse, 1991. "R&D and Productivity Growth: Comparing Japanese and U.S. Manufacturing Firms," NBER Chapters, in: Productivity Growth in Japan and the United States, pages 317-348 National Bureau of Economic Research, Inc.
  3. Jeffrey I. Bernstein & M. Ishaq Nadiri, 1993. "Production, Financial Structure and Productivity Growth in U.S. Manufacturing," NBER Working Papers 4309, National Bureau of Economic Research, Inc.
  4. Helmut Bester & Emmanuel Petrakis, . "Wages and Productivity Growth in a Dynamic Monopoly," Papers, Departmental Working Papers 012, Departmental Working Papers.
  5. Jeffrey I. Bernstein & M. Ishaq Nadiri, 1991. "Product Demand, Cost of Production, Spillovers, and the Social Rate of Return to R&D," NBER Working Papers 3625, National Bureau of Economic Research, Inc.
  6. Carmela Martin & Francisco J. Velazquez., 2001. "An Assessment of Real Convergence of Less Developed EU Members: Lessons for the CEEC Candidates," European Economy Group Working Papers, European Economy Group 5, European Economy Group.
  7. Yuen Ping Ho & Poh Kam Wong & Mun Heng Toh, 2005. "The Impact of R&D on the Singapore Economy:An Empirical Evaluation," Macroeconomics, EconWPA 0508003, EconWPA.
  8. Ann P. Bartel & Frank R. Lichtenberg, 1985. "The Comparative Advantage of Educated Workers in Implementing New Technology: Some Empirical Evidence," NBER Working Papers 1718, National Bureau of Economic Research, Inc.

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