Rates of Return on New Zealand R&D

Robin Johnson

No 123686, 2000 Conference (44th), January 23-25, 2000, Sydney, Australia from Australian Agricultural and Resource Economics Society

Abstract: This paper reports on a survey of past trends in national and sectoral R&D expenditure in New Zealand back to 1962 and models used to measure the rate of return to investment in R&D. Cobb Douglas models are compared with productivity models and are used to explore the interaction between R&D and labour and capital variables. Polynomial distributed lag models are investigated and the results compared with stock models. The average rates of return to R&D investment vary across sectors of the economy - some being surprisingly high - but some results remain ambiguous to interpret.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 15
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare00:123686

DOI: 10.22004/ag.econ.123686

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