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Mission-oriented R&D and growth of Japan 1988–2016: a comparison with private and public R&D

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  • Thomas H. W. Ziesemer

Abstract

We analyze the dynamic interaction of Japan’s total factor productivity (TFP), GDP, stocks of domestic and foreign private and public as well as mission-oriented R&D, called GBARD in OECD statistics, in a vector-error-correction model (VECM) for Japan with stock data for the period 1987–2016. Permanent policy changes show the following main results: (i) GBARD as well as private and public R&D each encourage growth rates of the other R&D stocks and of TFP and GDP, and (ii) all have high internal rates of return; (iii) Japan’s R&D policies affect and are affected by foreign R&D; in particular, Japan’s public R&D has a positive impact on European private R&D, whereas other OECD countries’ R&D has a negative one. Japan’s R&D policies should be supported by education policies enhancing especially the number of PhDs and IT personnel.

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  • Thomas H. W. Ziesemer, 2024. "Mission-oriented R&D and growth of Japan 1988–2016: a comparison with private and public R&D," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 33(2), pages 218-247, February.
    • Handle: RePEc:taf:ecinnt:v:33:y:2024:i:2:p:218-247
    DOI: 10.1080/10438599.2022.2164493
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    References listed on IDEAS

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    1. Thomas, Ziesemer, 1994. "Endogenous Growth with Public Factors and Heterogeneous Human Capital Producers," MPRA Paper 59951, University Library of Munich, Germany, revised 1994.
    2. Thomas H.W. Ziesemer, 2021. "Mission-oriented R&D and growth," Journal of Applied Economics, Taylor & Francis Journals, vol. 24(1), pages 460-477, January.
    3. Luc Soete & Bart Verspagen & Thomas H W Ziesemer, 2022. "Economic impact of public R&D: an international perspective [The governance and performance of universities: evidence from Europe and the US]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(1), pages 1-18.
    4. Bronwyn H. Hall & Nathan Rosenberg (ed.), 2010. "Handbook of the Economics of Innovation," Handbook of the Economics of Innovation, Elsevier, edition 1, volume 1, number 1.
    5. Thomas H. W. Ziesemer, 2021. "The Effects of R&D Subsidies and Publicly Performed R&D on Business R&D: A Survey," Hacienda Pública Española / Review of Public Economics, IEF, vol. 236(1), pages 171-205, March.
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    1. Ziesemer, Thomas, 2025. "Endogenous R&D elasticities of productivity functions and BERD bias," MERIT Working Papers 2025-017, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Thomas H. W. Ziesemer, 2024. "Public R&D and Growth: A Dynamic Panel Vector-Error-Correction Model Analysis for 14 OECD Countries," Economies, MDPI, vol. 12(8), pages 1-33, August.

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