Mapping the two faces of R&D: Productivity growth in a panel of OECD industries

• 成果类型: Article
• 署名作者: Griffith, R; Redding, S; Van Reenen, J
• 署名单位: University of London; London School Economics & Political Science; University of London; University College London; University of London; London School Economics & Political Science
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/0034653043125194
• 发表日期: 2004-11
• 页码: 883-895
• 关键词: convergence; TECHNOLOGY; output; COMPETITION; diffusion; input

摘要

Many writers have claimed that research and development (R&D) has two faces. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer (absorptive capacity). We explore this idea empirically using a panel of industries across twelve OECD countries. We find R&D to be statistically and economically important in both technological catch-up and innovation. Human capital also plays an major role in productivity growth, but we only find a small effect of trade. In failing to take account of R&D-based absorptive capacity, existing U.S.-based studies may underestimate the return to RD.