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Research and Development: A Review of Literature

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  • Cororaton, Caesar B.

Abstract

R&D is crucial in a country’s development process. Yet some economic agents are hesitant in pursing it not only because of the risks and costs associated with it but also because of high incidence of spillover, which are usually difficult to appropriate. Hence, to mobilize the R&D activities, government interventions are critically needed. This paper reviews issues related to R&D such as the low level of R&D in the Philippines and the opportunity costs associated with it. This also puts into perspective the historical development in S&T and the current policy measures and objectives, the level of S&T, the intensity of R&D activities, the incomplete market structure in research and the government’s role through subsidies and incentive provision. This review draws heavily s on the available domestic and international literature on R&D and S&T.

Suggested Citation

  • Cororaton, Caesar B., 1999. "Research and Development: A Review of Literature," Discussion Papers DP 1999-25, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_1999-25
    DOI: https://doi.org/10.62986/dp1999.25
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    References listed on IDEAS

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    1. J. Behrman & T.N. Srinivasan (ed.), 1995. "Handbook of Development Economics," Handbook of Development Economics, Elsevier, edition 1, volume 3, number 4.
    2. Nadiri, M.I., 1993. "Innovations and Technological Spillovers," Working Papers 93-31, C.V. Starr Center for Applied Economics, New York University.
    3. J. Behrman & T.N. Srinivasan (ed.), 1995. "Handbook of Development Economics," Handbook of Development Economics, Elsevier, edition 1, volume 3, number 3.
    4. Goto, Akira & Suzuki, Kazuyuki, 1989. "R&D Capital, Rate of Return on R&D Investment and Spillover of R&D in Japanese Manufacturing Industries," The Review of Economics and Statistics, MIT Press, vol. 71(4), pages 555-564, November.
    5. Evenson, Robert E. & Westphal, Larry E., 1995. "Technological change and technology strategy," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 37, pages 2209-2299, Elsevier.
    6. M. Ishaq Nadiri, 1993. "Innovations and Technological Spillovers," NBER Working Papers 4423, National Bureau of Economic Research, Inc.
    7. Zvi Griliches, 1998. "The Search for R&D Spillovers," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 251-268, National Bureau of Economic Research, Inc.
    8. Philippe Aghion & Peter Howitt, 1997. "Endogenous Growth Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011662, December.
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    Cited by:

    1. Cororaton, Caesar B., 2003. "Technological Innovations in Japan and S&T Experiences in the Philippines: Drawing Policy Lessons for the Philippines," Research Paper Series RPS 2002-04, Philippine Institute for Development Studies.

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