From 1991 - 1999, the New Zealand Government allocated public R&D funds via a pool system - called the public good research fund - through which research providers (universities, research institutes etc) bid for funding on a project by project basis. This system was in part to counteract a...

We use panel data for nine industries to evaluate research and development (R&D) investments in New Zealand over the past forty years. We estimate the impact of R&D stocks in a particular industry on output per person in that industry and on output per person in the rest of the economy. We...