A Note on the Drivers of R&D Intensity
Azele Mathieu and
Bruno van Pottelsberghe de la Potterie
Research in World Economy, 2010, vol. 1, issue 1, 56-65
This research note evaluates the extent to which national industrial structure affects country rankings based on aggregate R&D intensity. The econometric analysis performed on a cross-country cross-industry panel dataset (21 industrial sectors, 18 countries, and 5 years) suggests that accounting for industrial structure substantially affects the traditional country rankings. Sweden, the USA, France and Japan have an ¡®above-than-average¡¯ R&D intensity in most industries, whereas the high level of aggregate R&D intensity in South Korea and Finland, for instance, is essentially due to the importance of R&D-intensive industries in their economy (telecom and computers), and not to a macroeconomic environment particularly favourable to R&D. The US, Japanese and Swedish ¡®exceptions¡¯ might result from higher ¡®expected¡¯ returns to R&D in these countries.
Keywords: R&D intensity; S&T policies; high-tech industries (search for similar items in EconPapers)
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Working Paper: A Note on The Drivers of R&D Intensity (2008)
Working Paper: A note on the drivers of R&D intensity (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:rwe111:v:1:y:2010:i:1:p:56-65
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