Guellec, Dominique - 2001
This study investigates the long-term effects of various types of R&D on multifactor productivity growth, which is the … spillover effect of R&D. Econometric estimates are conducted on a panel of 16 OECD countries, over the period 1980-98. All …: an increase of 1% in business R&D generates 0.13% in productivity growth. The effect is larger in countries which are …