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Trend breaks in the research and development process

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  • Patricio Perez
  • Vicente Esteve

Abstract

This work examines the behaviour of the input and output measures of the R&D process in the United States, Germany, France and the United Kingdom, in the second half of the 20th century. The researcher and idea stock series can be construed as stationary fluctuations around a trend function, with a main breakpoint at the end of the 1960s. All the countries exhibit slower growth after their last breaks that during the decades preceding its first breaks. In this connection, the United States and Germany appear to represent the end points in the range of incidence.

Suggested Citation

  • Patricio Perez & Vicente Esteve, 2007. "Trend breaks in the research and development process," Applied Economics, Taylor & Francis Journals, vol. 39(5), pages 663-674.
    • Handle: RePEc:taf:applec:v:39:y:2007:i:5:p:663-674
    DOI: 10.1080/00036840500447666
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    References listed on IDEAS

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    1. Keely, Louise & Quah, Danny, 1998. "Technology in Growth," CEPR Discussion Papers 1901, C.E.P.R. Discussion Papers.
    2. Paul M. Romer, 2001. "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?," NBER Chapters, in: Innovation Policy and the Economy, Volume 1, pages 221-252, National Bureau of Economic Research, Inc.
    3. Angus Maddison, 1995. "Explaining The Economic Performance Of Nations," Books, Edward Elgar Publishing, number 294.
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