Do Higher Per Capita Incomes Lead to More R&D Expenditure?

Henrik Braconier

Review of Development Economics, 2000, vol. 4, issue 3, 244-257

Abstract: This paper analyzes empirically the relationship between R&D and growth. The estimated elasticity of per capita R&D expenditures with respect to domestic per capita incomes lies between 1.81 and 2.93 for the ten OECDcountries studied, whereas the elasticity of R&D with respect to foreign demand lies between 0.43 and 0.68. The paper introduces a “standard” GDP growth accounting equation where current productivity is a function ofprevious R&D. The results indicate that OLS estimates of spillovers from R&D have an upward bias of more than 40%.

Date: 2000
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