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Externalities of R&D Expenditures

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  • Erik Dietzenbacher
  • Bart Los

Abstract

Innovation is generally recognized as a major source of economic growth. R&D investments explicitly aim at generating innovations and creating knowledge. Since knowledge has certain public good properties, positive externalities are likely to exist. In this paper, we extend well-known concepts from the input-output literature (backward multipliers) to indicate at which commodities stimuli should be targeted to enhance R&D and its positive externalities in the economy as a whole. Next, we argue that there may also be negative externalities of R&D, due to increased prices. This issue can be studied by means of forward multipliers. Both concepts are applied to the United States, 1977-90.

Suggested Citation

  • Erik Dietzenbacher & Bart Los, 2002. "Externalities of R&D Expenditures," Economic Systems Research, Taylor & Francis Journals, vol. 14(4), pages 407-425, December.
    • Handle: RePEc:taf:ecsysr:v:14:y:2002:i:4:p:407-425
    DOI: 10.1080/0953531022000024860
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    Cited by:

    1. Athena Belegri-Roboli & Panayotis Michaelides, 2005. "Measurement of R&D Multipliers: The Case of Greece," The Journal of Technology Transfer, Springer, vol. 30(3), pages 327-332, July.
    2. Brautzsch, Hans-Ulrich & Günther, Jutta & Loose, Brigitte & Ludwig, Udo & Nulsch, Nicole, 2015. "Can R&D subsidies counteract the economic crisis? – Macroeconomic effects in Germany," Research Policy, Elsevier, vol. 44(3), pages 623-633.
    3. Massón-Guerra, José Luis & Vendrell-Ferrero, Ferran, 2008. "Entrepreneurship Spillover and the determinants of Key Sectors for new business creation: An inter-sectorial approach," MPRA Paper 10748, University Library of Munich, Germany.
    4. Massón-Guerra, José Luis, 2008. "The Multipliers and Key Sectors of Entrepreneurship Spillover: An input-output approach," MPRA Paper 10733, University Library of Munich, Germany.
    5. Cresti, Lorenzo & Dosi, Giovanni & Fagiolo, Giorgio, 2023. "Technological interdependencies and employment changes in European industries," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 41-57.
    6. Świeczewska Iwona, 2014. "The Externalities of Enterprises’ Innovative Activity – An Input-Output Approach," Folia Oeconomica Stetinensia, Sciendo, vol. 13(2), pages 146-157, July.
    7. Massón Guerra, José Luis, 2007. "El capital empresarial como determinante de la productividad y el crecimiento en España [The Impact of Entrepreneurship Capital on Spanish's Labor Productivity and Economic Growth]," MPRA Paper 4073, University Library of Munich, Germany.
    8. Julio Sanchez-Choliz & Rosa Duarte, 2003. "Production Chains and Linkage Indicators," Economic Systems Research, Taylor & Francis Journals, vol. 15(4), pages 481-494.
    9. Gomes, Alexandre & Perobelli, Fernando & Pio, João, 2016. "The Impact of expenditure on R & D within the Brazilian economy: an approach to Computable General Equilibrium," Conference papers 330169, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    10. Stephen Chong & Rutger Hoekstra & Oscar Lemmers & Ilke Van Beveren & Marcel Van Den Berg & Ron Van Der Wal & Piet Verbiest, 2019. "The role of small- and medium-sized enterprises in the Dutch economy: an analysis using an extended supply and use table," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-24, December.
    11. Giovanni Cerulli & Bianca Poti`, 2009. "Measuring Intersectoral Knowledge Spillovers: An Application Of Sensitivity Analysis To Italy," Economic Systems Research, Taylor & Francis Journals, vol. 21(4), pages 409-436.
    12. Amitrajeet Batabyal & Peter Nijkamp, 2013. "A multi-region model of economic growth with human capital and negative externalities in innovation," Journal of Evolutionary Economics, Springer, vol. 23(4), pages 909-924, September.
    13. Petr Pleticha, 2021. "Heterogeneity of Returns to Business R&D: What Makes a Difference?," Prague Economic Papers, Prague University of Economics and Business, vol. 2021(3), pages 253-271.
    14. María Tugores & Elisabeth Valle, 2016. "Innovation, hotel occupancy, and regional growth," Tourism Economics, , vol. 22(4), pages 749-762, August.
    15. Barbara Diaz & Laura Moniche & Antonio Morillas, 2006. "A Fuzzy clustering approach to the key sectors of the Spanish economy," Economic Systems Research, Taylor & Francis Journals, vol. 18(3), pages 299-318.
    16. Mardones, Cristian & Velásquez, Andrés, 2021. "Macroeconomic, intersectoral, and environmental effects of R&D subsidies in Chile: An input-output approach," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    17. João Gabriel Pio & Eduardo Gonçalves & Claúdio R. F. Vasconcelos, 2021. "Technology Spillovers Through Exports: Empirical Evidence for the Chinese Case," Journal of Industry, Competition and Trade, Springer, vol. 21(3), pages 423-443, September.
    18. Mikuláš Luptáčik & Wolfgang Koller & Bernhard Mahlberg & Herwig W. Schneider, 2008. "Growth and Employment Potentials of Chosen Technology Fields," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 2(1), pages 041-075, March.

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