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

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

Development and Comp Systems from EconWPA

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: O11 O47 C13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ino
Date: Written 2005-10-31
Note: Type of Document - pdf; pages: 23
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http://129.3.20.41/eps/dev/papers/0510/0510022.pdf (application/pdf)

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)
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