Measuring the social rate of return to R&D in coal, petroleum and nuclear manufacturing: A study of the OECD countries

David Corderi and C.-Y. Cynthia Lin
Authors registered in the RePEc Author Service: C.-Y. Cynthia Lin Lawell

Energy Policy, 2011, vol. 39, issue 5, 2780-2785

Abstract: This paper estimates the social rate of return to research and development (R&D) in the energy manufacturing industry. Our model tries to quantify the positive contribution that lagged R&D has on total factor productivity (TFP) growth in the manufacturing of coal, petroleum products and nuclear fuel for a number of OECD countries. Using a panel of data from the OECD STAN database we are able to obtain results suggesting that R&D has a positive and significant rate of return that varies for each country.

Keywords: Social; rate; of; return; to; R&D; Energy; R&D (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:39:y:2011:i:5:p:2780-2785

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