Has New Zealand benefited from its investments in research & development?

Weshah Razzak (), Steven Stillman () and Robin Johnson

MPRA Paper from University Library of Munich, Germany

Abstract: We use panel data for nine industries to evaluate research and development (R&D) investments in New Zealand over the past forty years. We estimate the impact of R&D stocks in a particular industry on output per person in that industry and on output per person in the rest of the economy. We examine both public and private R&D investments. Privately provided R&D has a statistically significant positive impact on own-industry output per person, suggesting it increases productivity. However, publicly provided R&D has no impact on own-industry output per person. There is also evidence that private R&D in certain industries positively affects output per person in the rest of the economy, i.e. it generates positive spillovers. There is no evidence of positive spillovers from publicly provided R&D.

Keywords: R&D; spillovers; productivity (search for similar items in EconPapers)
JEL-codes: O47 C13 O11 C23 (search for similar items in EconPapers)
Date: 2005
View list of references

Downloads: (external link)
http://mpra.ub.uni-muenchen.de/1887/

Related works:
Working Paper: Has New Zealand benefited from its investments in research & development? (2005)
Journal Article: Has New Zealand benefited from its investments in research & development? (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:1887

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany
Address: Schackstr. 4, D-80539 Munich, Germany
Contact information at EDIRC.
Series data maintained by Ekkehart Schlicht ().