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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 results are averages over countries and time, and...
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Over time, the research has played a key role in the economic development reflected by the GDP growth, the increase of … the patents' number, the volume of exports, the economic competitiveness of countries which have invested in research and … the expenditures with the Research and Development and the number of patents reported at 1 million inhabitants, influences …
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