IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this book chapter or follow this series

R&D and Productivity: The Unfinished Business

In: R&D and Productivity: The Econometric Evidence

  • Zvi Griliches

Recent work on the relationship of productivity growth to expenditures on R&D is discussed with special reference to "unfinished business": unsolved conceptual and econometric problems. The standard "R&D as a capital" model raises a number of difficult conceptual issues, especially the meaning and measurement of the depreciation of "knowledge" and of the associated economic rents created by it. In addition, empirical implementations of this model have to struggle with the possibility of simultaneity and reverse causality and the implication of imperfect markets for knowledge-based products. An empirical example of some of these issues is presented using data from a panel of U.S. R&D -performing firms, showing both the difficulties alluded to above and evidence for the continued importance of the R&D process for the growth of productivity.

(This abstract was borrowed from another version of this item.)

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.nber.org/chapters/c8350.pdf
Download Restriction: no

as
in new window

This chapter was published in:
  • Zvi Griliches, 1998. "R&D and Productivity: The Econometric Evidence," NBER Books, National Bureau of Economic Research, Inc, number gril98-1, August.
  • This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 8350.
    Handle: RePEc:nbr:nberch:8350
    Contact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
    Phone: 617-868-3900
    Web page: http://www.nber.org
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:8350. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.