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The Impact of R&D and Technology Diffusion on Productivity Growth: Evidence for 10 OECD Countries in the 1970s and 1980s

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  • Norihisa Sakurai

    (Central Research Institute of the Electric Power Industry)

  • Evangelos Ioannidis

    (OECD)

  • George Papaconstantinou

    (OECD)

Abstract

This paper examines the empirical evidence on the impact of performed R&D and of embodied R&D on productivity performance in 10 major OECD countries (the G7 countries, Australia, Denmark and the Netherlands) over the last two decades. Industry-level performed R&D and embodied R&D variables were constructed from an input-output model developed in a previous paper on technology diffusion. The productivity variables used in this paper are Divisia growth indexes of TFP which were consistently estimated by an input-output based growth accounting procedure. The aggregate TFP estimates showed some recovery in the 1980s in most countries and notably in the United States, where most of this recovery was in manufacturing. The results from pooled regressions across countries and across industries during the 1970s and 1980s indicate that the rates of return of both R&D variables are positively significant and increasing in the 1980s. The estimated rate of return of direct R&D for manufacturing ... Ce document examine l’incidence sur la productivité de la R-D directement produite et de la R-D incorporée, telle qu’elle ressort d’une étude économétrique portant sur 10 grands pays de l’OCDE (les pays du G7, plus l’Australie, le Danemark et les Pays-Bas) et sur les vingt dernières années. Les variables représentatives de la R-D produite à l’échelon d’une branche et de la R-D incorporée ont été construites à partir d’un modèle d’entrées-sorties développé dans un précédent document sur la diffusion de la technologie. La productivité est représentée par des indices de Divisia rendant compte de la croissance de la PTF, qui ont été estimés par une procédure de comptabilisation de la croissance basée sur les techniques d’entrées-sorties. Dans les années 80, le niveau global estimé de la PTF s’est redressé dans la plupart des pays, notamment aux Etats-Unis, où ce redressement a surtout touché le secteur manufacturier. Des régressions concernant l’ensemble des pays et des branches pour ...

Suggested Citation

  • Norihisa Sakurai & Evangelos Ioannidis & George Papaconstantinou, 1996. "The Impact of R&D and Technology Diffusion on Productivity Growth: Evidence for 10 OECD Countries in the 1970s and 1980s," OECD Science, Technology and Industry Working Papers 1996/2, OECD Publishing.
  • Handle: RePEc:oec:stiaaa:1996/2-en
    DOI: 10.1787/413581370285
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    Cited by:

    1. Guisado-González, Manuel & Vila-Alonso, Mercedes & Guisado-Tato, Manuel, 2016. "Radical innovation, incremental innovation and training: Analysis of complementarity," Technology in Society, Elsevier, vol. 44(C), pages 48-54.
    2. Nicholas Tsounis & Ian Steedman, 2021. "A New Method for Measuring Total Factor Productivity Growth Based on the Full Industry Equilibrium Approach: The Case of the Greek Economy," Economies, MDPI, vol. 9(3), pages 1-21, August.
    3. Burak Sencer Atasoy, 2021. "The determinants of export sophistication: Does digitalization matter?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5135-5159, October.
    4. Battistoni, Giuseppe & Genco, Mario & Marsilio, Marta & Pancotti, Chiara & Rossi, Sandro & Vignetti, Silvia, 2016. "Cost–benefit analysis of applied research infrastructure. Evidence from health care," Technological Forecasting and Social Change, Elsevier, vol. 112(C), pages 79-91.
    5. Gernot Hutschenreiter & Serguei Kaniovski, 1999. "Embodied Technology Diffusion in the Austrian Economy," WIFO Studies, WIFO, number 7711.
    6. Myong-Hun An & Gyong-Yong Ri & Gwang-Nam Rim, 2020. "Intellectual Product and Method of Assessing the Competitiveness of an Enterprise with It," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 1059-1085, September.
    7. Gwang-Nam Rim & Gang-Sok Kim & Sun-Hui Hwang & Un-Dok Ko, 2019. "Some Problems in Statistically Assessing the Level of Knowledge Economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(3), pages 974-996, September.
    8. Beckstead, Desmond & Brown, Mark & Gellatly, Guy & Seaborn, Catherine, 2004. "Assessing the Growth of the New Economy across Canadian Cities and Regions: 1990-2000," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 34(4), pages 1-26.

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