R&D and productivity growth: a panel data analysis of 16 OECD countries
AbstractThis 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 Ã©tude analyse les effets de long terme de diffÃ©rents types de R-D sur la croissance de la productivitÃ© totale des facteurs, qui est lâeffet Â« spillover Â» de la R-D. Les estimations Ã©conomÃ©triques sont conduites sur un panel de 16 pays de lâOCDE sur la pÃ©riode 1980-98. Les rÃ©sultats obtenus sont des moyennes sur lâensemble des pays et des annÃ©es, ils ne reflÃ¨tent pas les spÃ©cificitÃ©s nationales. Les principaux rÃ©sultats sont les suivants. Un supplÃ©ment de 1 % de R-D des entreprises engendre une croissance de 0.13 % de la productivitÃ©. Cet effet est plus fort dans les pays oÃ¹ les entreprises rÃ©alisent plus de R-D, et dans les pays oÃ¹ la part des financements gouvernementaux liÃ©s Ã la dÃ©fense est plus faible. Un supplÃ©ment de 1 % de R-D Ã©trangÃ¨re engendre une croissance de 0.44 % de la productivitÃ©, et cet effet est plus fort dans les pays oÃ¹ les entreprises rÃ©alisent plus de R-D. Un supplÃ©ment de 1% de R-D publique engendre une croissance de 0
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Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series ULB Institutional Repository with number 2013/6219.
Date of creation: 2001
Date of revision:
Publication status: Published in: O E C D Economic Studies (2001) v.33 nÂ° 2001/2,p.103-126
Other versions of this item:
- Dominique Guellec & Bruno van Pottelsberghe de la Potterie, 2001. "R&D and Productivity Growth: Panel Data Analysis of 16 OECD Countries," OECD Economic Studies, OECD Publishing, vol. 2001(2), pages 103-126.
- Dominique Guellec & Bruno van Pottelsberghe de la Potterie, 2001. "R&D and Productivity Growth: Panel Data Analysis of 16 OECD Countries," OECD Science, Technology and Industry Working Papers 2001/3, OECD Publishing.
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