Higher education R&D and productivity growth: an empirical study on high-income OECD countries

Ashraf Eid ()

Education Economics, 2012, vol. 20, issue 1, 53-68

Abstract: This paper is a macro study on higher education R&D and its impact on productivity growth. I measure the social rate of return on higher education R&D in 17 high-income OECD countries using country level data on the percentage of gross expenditure on R&D performed by higher education, business, and government sectors over the period 1981--2006. Empirical results suggest that lagged R&D performed by higher education is positively affecting productivity growth in all specifications. The long-run propensity of productivity growth to R&D performed by the higher education sector is also found to be positive and significant while it is found be insignificant to business R&D.

Date: 2012
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DOI: 10.1080/09645291003726855

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