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The Contribution of the Publicly Funded R&D Capital to Productivity Growth and an application to the Greek food and beverages industry

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  • Mamatzakis, E

Abstract

This paper follows the dual cost function methodology and develops a theoretical specification that assesses the contribution of public R&D capital to the productivity growth. The empirical application focuses on Greek food and beverages industry. For this purpose it employs a micro-aggregated annual data set over the period 1976-2002. The regression analysis shows that publicly funded R&D capital is a productive input as 8.7 percent and 7.3 percent of the total factor productivity growth in the food industry and in the beverages industry respectively is attributed to the publicly funded R&D capital. The relationship between publicly funded R&D and private purchased inputs is also examined.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19388.

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Date of creation: Dec 2009
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Handle: RePEc:pra:mprapa:19388

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Keywords: Public R&D; Productivity Growth; Rate of return.;

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  1. Paul A. David & Bronwyn H. Hall & Andrew A. Toole, 1999. "Is Public R&D a Complement or Substitute for Private R&D? A Review of the Econometric Evidence," NBER Working Papers 7373, National Bureau of Economic Research, Inc.
  2. Bronwyn H. HALL & Raffaele ORIANI, 2004. "Does the Market Value R&D Investment by European Firms? Evidence from a Panel of Manufacturing Firms in France," Economics Working Papers, European University Institute ECO2004/13, European University Institute.
  3. Griliches, Zvi & Lichtenberg, Frank, 1984. "Interindustry Technology Flows and Productivity Growth: A Re-examination," The Review of Economics and Statistics, MIT Press, vol. 66(2), pages 324-29, May.
  4. Lichtenberg, Frank R, 1988. "The Private R&D Investment Response to Federal Design and Technical Competitions," American Economic Review, American Economic Association, American Economic Association, vol. 78(3), pages 550-59, June.
  5. Z, Griliches & Jacques Mairesse, 1997. "Production Functions : The Search for Identification," Working Papers, Centre de Recherche en Economie et Statistique 97-30, Centre de Recherche en Economie et Statistique.
  6. Hayashi, Fumio & Inoue, Tohru, 1991. "The Relation between Firm Growth and Q with Multiple Capital Goods: Theory and Evidence from Panel Data on Japanese Firms," Econometrica, Econometric Society, Econometric Society, vol. 59(3), pages 731-53, May.
  7. Zvi Griliches, 1958. "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 66, pages 419.
  8. Bronwyn H. HALL, 2005. "Measuring the Returns to R&D: the Depreciation Problem," Annales d'Economie et de Statistique, ENSAE, issue 79-80, pages 341-381.
  9. Bronwyn H. Hall & Zvi Griliches & Jerry A. Hausman, 1984. "Patents and R&D: Is There A Lag?," NBER Working Papers 1454, National Bureau of Economic Research, Inc.
  10. Cockburn, Iain & Griliches, Zvi, 1988. "Industry Effects and Appropriability Measures in the Stock Market's Valuation of R&D and Patents," American Economic Review, American Economic Association, American Economic Association, vol. 78(2), pages 419-23, May.
  11. Morrison, Catherine J & Schwartz, Amy Ellen, 1996. "State Infrastructure and Productive Performance," American Economic Review, American Economic Association, American Economic Association, vol. 86(5), pages 1095-1111, December.
  12. repec:fth:inseep:9730 is not listed on IDEAS
  13. Bonte, Werner, 2004. "Spillovers from publicly financed business R&D: some empirical evidence from Germany," Research Policy, Elsevier, Elsevier, vol. 33(10), pages 1635-1655, December.
  14. Blundell, Richard & Griffith, Rachel & van Reenen, John, 1999. "Market Share, Market Value and Innovation in a Panel of British Manufacturing Firms," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 66(3), pages 529-54, July.
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