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Determinants of productivity growth: Science and technology policies and the contribution of R&D

Author

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  • Duverger, Catherine

    (Solvay Brussels School of Economics and Management)

  • van Pottelsberghe de la Potterie, Bruno

    (Solvay Brussels School of Economics and Management)

Abstract

This paper provides an update of the paper "From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter?" (Guellec and van Pottelsberghe 2004). We present estimates of the long-term impact of various sources of knowledge (R&D performed by the business sector, the public sector (higher education and government) and abroad) on the multifactor productivity growth of 17 major OECD countries from 1988 to 2006. The results confirm that business R&D and the R&D performed by the higher education sector significantly contribute to growht. In addition, the extent to which countries rely on triadic patents, as well as their degree of patent friendliness (enforcement mechanism and number of restrictions) affect significantly the extent to which R&D contributes to growth.

Suggested Citation

  • Duverger, Catherine & van Pottelsberghe de la Potterie, Bruno, 2011. "Determinants of productivity growth: Science and technology policies and the contribution of R&D," EIB Papers 9/2011, European Investment Bank, Economics Department.
    • Handle: RePEc:ris:eibpap:2011_009
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    References listed on IDEAS

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    2. Chen Weijun, 2022. "The Impact of Government Support and Technological Innovation on Enterprise Performance: A Case Study of Guangdong Hi- tech Enterprises," International Journal of Science and Business, IJSAB International, vol. 14(1), pages 196-231.

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    More about this item

    Keywords

    Multifactor productivity; R&D capital stock; panel cointegration; intellectual property;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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