IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_1999-24.html
   My bibliography  Save this paper

Rates of Return to R&D Investment in the Philippines

Author

Listed:
  • Cororaton, Caesar B.

Abstract

This paper estimates the rate of return in investment in three major sectors: primary sectors which include manufacturing, construction and utilities, industry sectors which include construction and utilities and service sectors which include transportation, trade and finance. The estimates are made utilizing the production function approach. The rate of return (ROR) to Research & Development (R&D) computed for these sectors are compared to the ROR to other investment such as physical capital including machineries, building and equipment. Results show that ROR of R&D for both primary and service sectors are higher than the ROR for other investments. However, when the inter-industry linkages are accounted for, the spillover effects are not significant. These cannot be generalized in the industry sector as spillover effects are practically zero.

Suggested Citation

  • Cororaton, Caesar B., 1999. "Rates of Return to R&D Investment in the Philippines," Discussion Papers DP 1999-24, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_1999-24
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/rates-of-return-to-r-d-investment-in-the-philippines
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Goto, Akira & Suzuki, Kazuyuki, 1989. "R&D Capital, Rate of Return on R&D Investment and Spillover of R&D in Japanese Manufacturing Industries," The Review of Economics and Statistics, MIT Press, vol. 71(4), pages 555-564, November.
    2. Evenson, Robert E. & Westphal, Larry E., 1995. "Technological change and technology strategy," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 37, pages 2209-2299, Elsevier.
    3. Zvi Griliches, 1998. "The Search for R&D Spillovers," NBER Chapters, in: R&D and Productivity: The Econometric Evidence, pages 251-268, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Israel, Danilo C., 2000. "The Milkfish Broodstock-Hatchery Research and Development Program and Industry: A Policy Study," Discussion Papers DP 2000-05, Philippine Institute for Development Studies.
    2. Cororaton, Caesar B., 2003. "Technological Innovations in Japan and S&T Experiences in the Philippines: Drawing Policy Lessons for the Philippines," Research Paper Series RPS 2002-04, Philippine Institute for Development Studies.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cororaton, Caesar B., 1999. "Research and Development: A Review of Literature," Discussion Papers DP 1999-25, Philippine Institute for Development Studies.
    2. G Cameron, 1996. "Innovation and Economic Growth," CEP Discussion Papers dp0277, Centre for Economic Performance, LSE.
    3. Ugur, Mehmet & Trushin, Eshref & Solomon, Edna & Guidi, Francesco, 2016. "R&D and productivity in OECD firms and industries: A hierarchical meta-regression analysis," Research Policy, Elsevier, vol. 45(10), pages 2069-2086.
    4. Cororaton, Caesar B., 1999. "Study on Public and Private Expenditure on Research and Development: An Integrative Report," Discussion Papers DP 1999-15, Philippine Institute for Development Studies.
    5. Robin Johnson & W. A. Razzak & Steven Stillman, 2007. "Has New Zealand benefited from its investments in research & development?," Applied Economics, Taylor & Francis Journals, vol. 39(19), pages 2425-2440.
    6. Takeshima, Hiroyuki & Nasir, Abdullahi Mohammed, 2017. "The role of the locations of public sector varietal development activities on agricultural productivity: Evidence from northern Nigeria:," NSSP working papers 42, International Food Policy Research Institute (IFPRI).
    7. Fernández Vázquez, Esteban & Los, Bart, 2007. "A Maximum Entropy Approach to the Indenitication of Productive Technology Spillovers," Discussion Papers 1106, The Research Institute of the Finnish Economy.
    8. David H. Good & M. Ishaq Nadiri & Robin C. Sickles, 1996. "Index Number and Factor Demand Approaches to the Estimation of Productivity," NBER Working Papers 5790, National Bureau of Economic Research, Inc.
    9. M. Ishaq Nadiri, 1993. "Innovations and Technological Spillovers," NBER Working Papers 4423, National Bureau of Economic Research, Inc.
    10. Ana Lara GÓMEZ, 2015. "Technological Spillovers of Research Infrastructures," Departmental Working Papers 2015-18, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    11. Fors, Gunnar & Zejan, Mario, 1996. "Overseas R&D by Multinationals in foreign Centers of Excellence," SSE/EFI Working Paper Series in Economics and Finance 111, Stockholm School of Economics.
    12. Chol-Won Li, 2003. "Endogenous Growth Without Scale Effects: Comment," American Economic Review, American Economic Association, vol. 93(3), pages 1009-1017, June.
    13. Bettina Peters & Rebecca Riley & Iulia Siedschlag & Priit Vahter & John McQuinn, 2014. "Innovation and Productivity in Services: Evidence from Germany, Ireland and the United Kingdom," JRC Working Papers on Corporate R&D and Innovation 2014-04, Joint Research Centre.
    14. Beghin, John C. & Jensen, Helen H., 2008. "Farm policies and added sugars in US diets," Food Policy, Elsevier, vol. 33(6), pages 480-488, December.
    15. B Kelsey Jack, "undated". "Market Inefficiencies and the Adoption of Agricultural Technologies in Developing Countries," CID Working Papers 50, Center for International Development at Harvard University.
    16. Bitzer, Jürgen & Kerekes, Monika, 2008. "Does foreign direct investment transfer technology across borders? New evidence," Economics Letters, Elsevier, vol. 100(3), pages 355-358, September.
    17. Stephan Huber, 2018. "Product Sophistication and Spillovers from Foreign Direct Investment," Contributions to Economics, in: Product Characteristics in International Economics, chapter 0, pages 51-90, Springer.
    18. Ernest Miguelez & Rosina Moreno & Manuel Artis, 2011. "Does Social Capital Reinforce Technological Inputs in the Creation of Knowledge? Evidence from the Spanish Regions," Regional Studies, Taylor & Francis Journals, vol. 45(8), pages 1019-1038.
    19. Daron Acemoglu & Fabrizio Zilibotti, 2001. "Productivity Differences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(2), pages 563-606.
    20. Beatriz Pereira Almeida & Eduardo Gonçalves & André Suriane Silva & Raquel Coelho Reis, 2021. "Internalization of knowledge spillovers by regions: a measure based on self-citation patents," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 66(2), pages 309-330, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_1999-24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.