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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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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 the 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% and 7.3% 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 privately-purchased inputs is also examined.

Suggested Citation

  • E. C. Mamatzakis, 2010. "The contribution of the publicly-funded R&D capital to productivity growth and an application to the Greek food and beverages industry," International Review of Applied Economics, Taylor & Francis Journals, vol. 24(4), pages 483-494.
  • Handle: RePEc:taf:irapec:v:24:y:2010:i:4:p:483-494
    DOI: 10.1080/02692171.2010.483795
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    More about this item

    Keywords

    public R&D; productivity growth; rate of return;
    All these keywords.

    JEL classification:

    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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