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R&D, innovation, and technological progress: a test of the Schumpeterian framework without scale effects

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  • Marios Zachariadis

Abstract

. I use U.S. manufacturing industry data to estimate a system of three equations implied by a model of R&D‐induced growth in steady state. These equations relate R&D intensity to patenting, patenting to technological progress, and technological progress to economic growth. In each case, I find evidence of positive impact. Thus, I reject the null hypothesis that growth is not induced by R&D in favour of the Schumpeterian endogenous growth framework without scale effects. I also find strong support for technological spillovers from aggregate research intensity to industry‐level innovation success. JEL Classification: O40, O30 R&D, innovation, et progrès technologique: un test du cadre schumpétérien en l’absenced’effets d’échelle. L’auteur utilise des données de l’industrie manufacturière pour calibrer un système de trois équations émergeant d’un modèle de croissance en régime permanent induite par le R&D. Ces équations relient l’intensité de R&D à l’obtention de brevets, l’obtention de brevets au progrès technologique, et le progrès technologique à la croissance économique. Dans chaque cas, on trouve un impact positif. En conséquence, l’auteur rejette l’hypothèse nulle que la croissance n’est pas engendrée par le R&D en faveur de l’hypothèse de croissance endogène à la Schumpeter sans effets d’échelle. L’auteur confirme fortement l’hypothèse d’effets de retombées technologiques sur le succès de l’innovation au niveau de l’industrie en conséquence d’une forte intensité de recherche.

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  • Marios Zachariadis, 2003. "R&D, innovation, and technological progress: a test of the Schumpeterian framework without scale effects," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 36(3), pages 566-586, August.
    • Handle: RePEc:wly:canjec:v:36:y:2003:i:3:p:566-586
    DOI: 10.1111/1540-5982.t01-2-00003
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    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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