On the robustness of R&D

Kul Luintel (), Mosahid Khan and Konstantinos Theodoridis

Journal of Productivity Analysis, 2014, vol. 42, issue 2, 137-155

Abstract: Alternative models of productivity predict a range of its determinants besides that of research and development (R&D). We investigate the robustness of R&D vis-à-vis a dozen productivity determinants in a panel of 16 Organisation for Economic Co-operation and Development countries through panel cointegration, bootstrap simulations and extensive sensitivity tests. Domestic knowledge stocks, international knowledge diffusion and human capital remain robust across all measures. The cross-country differences in accumulated knowledge stocks and human capital appear to explain productivity differences across countries. Copyright Springer Science+Business Media New York 2014

Keywords: R&D capital stock; Multifactor productivity; Heterogeneity; Panel cointegration; Bootstrap simulations; C2; O3; O4 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:jproda:v:42:y:2014:i:2:p:137-155

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DOI: 10.1007/s11123-013-0360-0

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