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This study investigates the long-term effects of various types of R&D on multifactor productivity growth, which is the spillover effect of R&D. Econometric estimates are conducted on a panel of 16 OECD countries, over the period 1980-98. All results are averages over countries and time, and little can be said about country specificities.

Major results are as follows: an increase of 1% in business R&D generates 0.13% in productivity growth. The effect is larger in countries which are intensive in business R&D, and in countries where the share of defence-related government funding is lower; a 1% increase in foreign R&D generates 0.44% in productivity growth, and the effect is larger in countries intensive in business R&D; 1% more in public R&D generates 0.17% in productivity growth. The effect is larger in countries where the share of universities (as opposed to government labs) is higher, in countries where the share of defence is lower, and in countries which are intensive in business ...

Cette étude analyse les effets de long terme de différents types de R-D sur la croissance de la productivité totale des facteurs, qui est l’effet « spillover » de la R-D. Les estimations économétriques sont conduites sur un panel de 16 pays de l’OCDE sur la période 1980-98. Les résultats obtenus sont des moyennes sur l’ensemble des pays et des années, ils ne reflètent pas les spécificités nationales. Les principaux résultats sont les suivants. Un supplément de 1 % de R-D des entreprises engendre une croissance de 0.13 % de la productivité. Cet effet est plus fort dans les pays où les entreprises réalisent plus de R-D, et dans les pays où la part des financements gouvernementaux liés à la défense est plus faible. Un supplément de 1 % de R-D étrangère engendre une croissance de 0.44 % de la productivité, et cet effet est plus fort dans les pays où les entreprises réalisent plus de R-D. Un supplément de 1% de R-D publique engendre une croissance de 0.17 % de la productivité. Cet effet ...

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Paper provided by OECD Directorate for Science, Technology and Industry in its series OECD Science, Technology and Industry Working Papers with number 2001/3.

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Date of creation: 14 Jun 2001
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Handle: RePEc:oec:stiaaa:2001/3-en

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1. Astrid Romain & Bruno Van Pottelsberghe, 2004. "The economic impact of venture capital," Working Papers CEB 04-014.RS, Université Libre de Bruxelles, Solvay Business School, Centre Emile Bernheim (CEB). [Downloadable!]
   Other versions:
   • Romain, Astrid & van Pottelsberghe, Bruno, 2004. "The Economic Impact of Venture Capital," Discussion Paper Series 1: Economic Studies 2004,18, Deutsche Bundesbank, Research Centre. [Downloadable!]
2. Andrea Bassanini & Stefano Scarpetta, 2001. "The Driving Forces of Economic Growth: Panel Data Evidence for the OECD Countries," Post-Print halshs-00168383_v1, HAL. [Downloadable!]
3. Dirk Pilat, 2001. "Productivity Growth in the OECD Area: Some Recent Findings," International Productivity Monitor, Centre for the Study of Living Standards, vol. 3, pages 32-44, Fall. [Downloadable!]
4. MUSOLESI, Antonio, 2006. "Recherche, productivité et externalités internationales : une analyse économétrique sur données de panel pour un groupe de pays de l'OCDE," LEG - Document de travail - Economie 2006-07, LEG, Laboratoire d'Economie et de Gestion, CNRS UMR 5118, Université de Bourgogne. [Downloadable!]
5. Gavin Cameron & Chris Wallace, 2003. "Technology Clubs: Efficient Pricing in Business-University Collaborations," Economics Series Working Papers 157, University of Oxford, Department of Economics. [Downloadable!]
6. Maria Laura Parisi & Fabio Schiantarelli & Alessandro Sembenelli, 2002. "Productivity, Innovation Creation and Absorption, and R&D: Micro Evidence for Italy," Boston College Working Papers in Economics 526, Boston College Department of Economics. [Downloadable!]
7. Dominique Guellec & Bruno Van Pottelsberghe, 2004. "From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter?," Working Papers CEB 04-010.RS, Université Libre de Bruxelles, Solvay Business School, Centre Emile Bernheim (CEB). [Downloadable!]
   Other versions:
   • Dominique Guellec & Bruno Van Pottelsberghe de la Potterie, 2004. "From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(3), pages 353-378, 07. [Downloadable!] (restricted)
8. Astrid Romain & Bruno Van Pottelsberghe, 2004. "The determinants of venture capital: A Panel Data Analysis of 16 OECD Countries," Working Papers CEB 04-015.RS, Université Libre de Bruxelles, Solvay Business School, Centre Emile Bernheim (CEB). [Downloadable!]
9. Richard Dion & Robert Fay, 2008. "Understanding Productivity: A Review of Recent Technical Research," Discussion Papers 08-3, Bank of Canada. [Downloadable!]
10. Lourens Broersma & Jan Oosterhaven, 2005. "Regional Labour Productivity in The Netherlands - Diversification and Agglomeration Economies," ERSA conference papers ersa05p31, European Regional Science Association. [Downloadable!]
11. Paul Conway & Giuseppe Nicoletti, 2007. "Product Market Regulation and Productivity Convergence: OECD Evidence and Implications for Canada," International Productivity Monitor, Centre for the Study of Living Standards, vol. 15, pages 3-24, Fall. [Downloadable!]
12. Alexandre Almeida & Aurora A.C. Teixeira, 2007. "Does Patenting negatively impact on R&D investment?An international panel data assessment," FEP Working Papers 255, Universidade do Porto, Faculdade de Economia do Porto. [Downloadable!]
13. Gustavo Crespi & Aldo Geuna, 2005. "Modelling and Measuring Scientific Production: Results for a Panel of OECD Countries," SPRU Electronic Working Paper Series 133, University of Sussex, SPRU - Science and Technology Policy Research. [Downloadable!]
14. Julia Hall & Grant M Scobie, 2006. "The Role of R&D in Productivity Growth: The Case of Agriculture in New Zealand: 1927 to 2001," Treasury Working Paper Series 06/01, New Zealand Treasury. [Downloadable!]
15. Chen, Derek H. C. & Dahlman, Carl J., 2004. "Knowledge and development : a cross-section approach," Policy Research Working Paper Series 3366, The World Bank. [Downloadable!]
16. Butter, Frank A.G. den & Wit, Paul, 2006. "Trade and product innovations as sources for productivity increases: an empirical analysis," Serie Research Memoranda 0013, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]

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