R&D, International Technical Diffusion and Total Factor Productivity
Equations are presented that relate the long-run evolution of countries' total factor productivity to domestic and to foreign R&D capital. A cointegration analysis is performed on a panel of pooled annual time series concerning twenty-one industrial countries during the period 1965-91. The results show the influence of foreign R&D to be, on average, stronger than that of domestic R&D. There is also evidence of a decrease in the influence of R&D in the mid-1970s, without significant recovery afterwards. This is explained by the occurrence of decreasing returns to innovation and to imitation within a technological system based on assembly-line production, and by institutional inertia that retard the reskilling of the labor force required for a transition to a new system based on information technology. Copyright 1998 by WWZ and Helbing & Lichtenhahn Verlag AG
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 51 (1998)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962|
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0023-5962|