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Basic, Applied and Experimental Knowledge and Productivity: Further Evidence

  • Mosahid Khan


    (World Intellectual Property Organization, Geneva, Switzerland)

  • Kul B. Luintel


    (Cardiff Business School, Cardiff, United Kingdom)

Analyzing a novel dataset we find significantly positive effects of basic, and applied and experimental knowledge stocks on domestic output and productivity for a panel of 10 OECD countries. This letter updates the work of, among others, Mansfield (1980), Griliches (1986) and Adams (1990), at an international setting.

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Paper provided by World Intellectual Property Organization - Economics and Statistics Division in its series WIPO Economic Research Working Papers with number 02.

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Length: 9 pages
Date of creation: Dec 2010
Date of revision: Dec 2010
Publication status: Published in Economics Letters, Volume 111, Issue 1, April 2011, Pages 71-74, ISSN 0165-1765,
Handle: RePEc:wip:wpaper:02
Contact details of provider: Postal: WIPO, 34, chemin des Colombettes, 1211 Geneva
Phone: +41 22 338 9111
Fax: +41 22 733 54 28
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  1. Alexander W. Hoffmaister & David T. Coe & Elhanan Helpman, 2008. "International R&D Spillovers and Institutions," IMF Working Papers 08/104, International Monetary Fund.
  2. Maddala, G S & Wu, Shaowen, 1999. " A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(0), pages 631-52, Special I.
  3. Griliches, Zvi, 1986. "Productivity, R&D, and the Basic Research at the Firm Level in the 1970's," American Economic Review, American Economic Association, vol. 76(1), pages 141-54, March.
  4. Link, Albert N, 1981. "Basic Research and Productivity Increase in Manufacturing: Additional Evidence," American Economic Review, American Economic Association, vol. 71(5), pages 1111-12, December.
  5. Pasaran, M.H. & Im, K.S. & Shin, Y., 1995. "Testing for Unit Roots in Heterogeneous Panels," Cambridge Working Papers in Economics 9526, Faculty of Economics, University of Cambridge.
  6. Pedroni, Peter, 2004. "Panel Cointegration: Asymptotic And Finite Sample Properties Of Pooled Time Series Tests With An Application To The Ppp Hypothesis," Econometric Theory, Cambridge University Press, vol. 20(03), pages 597-625, June.
  7. Adams, James D, 1990. "Fundamental Stocks of Knowledge and Productivity Growth," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 673-702, August.
  8. Peter Pedroni, 1999. "Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors," Department of Economics Working Papers 2000-02, Department of Economics, Williams College.
  9. Zvi Griliches, 1985. "Productivity, R&d, and Basic Research at the Firm Level in the 1970s," NBER Working Papers 1547, National Bureau of Economic Research, Inc.
  10. Bassanini, Andrea & Scarpetta, Stefano, 2002. "Does human capital matter for growth in OECD countries? A pooled mean-group approach," Economics Letters, Elsevier, vol. 74(3), pages 399-405, February.
  11. Mansfield, Edwin, 1980. "Basic Research and Productivity Increase in Manufacturing," American Economic Review, American Economic Association, vol. 70(5), pages 863-73, December.
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