Showing 1 - 10 of 19,978
Does publicly-financed R&D spill over to private sector productivity growth? We document a robust correlation between … UK public-sector financed R&D disbursed via research councils and market sector total factor productivity growth. …
Persistent link: https://www.econbiz.de/10010664136
we use data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for … evidence of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover … spillovers from public R&D spend on research councils, and (c) no evidence of market sector spillovers from public spending on …
Persistent link: https://www.econbiz.de/10008468645
, which ignores the potential impact of spillovers on consistent estimation. Using a panel of twelve manufacturing industries … across ten OECD economies, we investigate whether ignoring spillovers leads to bias in the estimated private returns to R …&D. We compare results from a common factor framework, which accounts for spillovers and other unobserved shocks, to those …
Persistent link: https://www.econbiz.de/10011009882
This study investigates the role of international spillovers in generating productivity gains for a panel of 24 OECD … characterize the global interdependence implied by international spillovers and the diffusion mechanisms involved. Consistently … with some recent studies in this field, the evidence suggests that there are substantial cross-country spillovers mainly …
Persistent link: https://www.econbiz.de/10010580504
productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition …
Persistent link: https://www.econbiz.de/10011276858
productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition …
Persistent link: https://www.econbiz.de/10010465017
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
We analyse the relationship between human capital and productivity growth using a five-country multi-industry dataset … average labour productivity, particularly when using our composite human capital measure. We also find some tentative evidence … that multi-factor productivity (MFP) growth is positively related to the use of high-skilled labour. However, externalities …
Persistent link: https://www.econbiz.de/10010573890
Persistent link: https://www.econbiz.de/10011672997
Persistent link: https://www.econbiz.de/10012182115