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Has New Zealand benefited from its investments in research & development?

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  • Razzak, Weshah
  • Stillman, Steve
  • Johnson, Robin

Abstract

We use panel data for nine industries to evaluate research and development (R&D) investments in New Zealand over the past forty years. We estimate the impact of R&D stocks in a particular industry on output per person in that industry and on output per person in the rest of the economy. We examine both public and private R&D investments. Privately provided R&D has a statistically significant positive impact on own-industry output per person, suggesting it increases productivity. However, publicly provided R&D has no impact on own-industry output per person. There is also evidence that private R&D in certain industries positively affects output per person in the rest of the economy, i.e. it generates positive spillovers. There is no evidence of positive spillovers from publicly provided R&D.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 1887.

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Date of creation: 2005
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Handle: RePEc:pra:mprapa:1887

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Keywords: R&D; spillovers; productivity;

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References

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Citations

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Cited by:
  1. 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.
  2. W. A. Razzak & J. Timmins, 2010. "Education and labour productivity in New Zealand," Applied Economics Letters, Taylor & Francis Journals, vol. 17(2), pages 169-173.
  3. Laabas, Belkacem & Razzak, Weshah, 2010. "A Contribution Towards New Zealand’s Tax Reform," MPRA Paper 25810, University Library of Munich, Germany, revised Oct 2010.
  4. Johnson, Robin, 2005. "The Structure and Economic Impact of R&D Organisation in New Zealand," 2005 Conference, August 26-27, 2005, Nelson, New Zealand 98521, New Zealand Agricultural and Resource Economics Society.

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