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: C13 C23 O11 O47 (search for similar items in EconPapers)
Date: 2005
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Related works:
Journal Article: Has New Zealand benefited from its investments in research & development? (2007)
Working Paper: Has New Zealand benefited from its investments in research & development? (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:1887

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