R&D and Growth at the Industry Level
AbstractAlthough research and development is widely considered to be an important source of growth, relatively little is known about how its effects differ across industries. This is mainly because much reseach on the effect of R&D has used either cross-section or time-series data and the remainder has mostly looked at the effect of R&D on panels of firms. This paper constructs a heterogeneous dynamic panel data model of total factor productivity in the nineteen sectors of UK Manufacturing between 1972 and 1992.
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Bibliographic InfoPaper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number 2000-w4.
Length: 22 pages
Date of creation: 2000
Date of revision:
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Web page: http://www.nuff.ox.ac.uk/economics/
ECONOMIC GROWTH ; RESEARCH AND DEVELOPMENT ; MANUFACTURES;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- L6 - Industrial Organization - - Industry Studies: Manufacturing
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