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R&D, Innovation and Growth: Evidence from Four Manufacturing Sectors in OECD Countries

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  • Ulku, Hulya

Abstract

This paper provides an empirical analysis of the relationship between R&D intensity, rate of innovation and the growth rate of output in four manufacturing sectors from 17 OECD countries. The findings suggest that the knowledge stock is the main determinant of innovation in all four manufacturing sectors and that R&D intensity increases innovation in the chemicals and the electrical and electronics sector. In addition, the rate of innovation has a positive effect on the growth rate of output in all sectors except for the drugs and medical sector. These results lend strong support for the non-scale endogenous growth models. *I am grateful to Adam Jaffe for his invaluable suggestions and comments.

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File URL: http://purl.umn.edu/30542
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Paper provided by University of Manchester, Institute for Development Policy and Management (IDPM) in its series Development Economics and Public Policy Working Papers with number 30542.

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Date of creation: 2005
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Handle: RePEc:ags:idpmde:30542
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Keywords: non-scale endogenous growth; R&D; patent; innovation; output growth; system GMM; Research and Development/Tech Change/Emerging Technologies; O14; O30; O31; O33; O41;

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Find related papers by JEL classification:
  • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
  • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
  • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
  • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
  • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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