The contribution of the publicly-funded R&D capital to productivity growth and an application to the Greek food and beverages industry

Emmanuel Mamatzakis

International Review of Applied Economics, 2010, vol. 24, issue 4, 483-494

Abstract: This paper follows the dual-cost function methodology and develops a theoretical specification that assesses the contribution of public R&D capital to the productivity growth. The empirical application focuses on the Greek food and beverages industry. For this purpose it employs a micro-aggregated annual data set over the period 1976-2002. The regression analysis shows that publicly-funded R&D capital is a productive input as 8.7% and 7.3% of the total factor productivity growth in the food industry and in the beverages industry respectively is attributed to the publicly-funded R&D capital. The relationship between publicly-funded R&D and privately-purchased inputs is also examined.

Keywords: public R&D; productivity growth; rate of return (search for similar items in EconPapers)
Date: 2010
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Working Paper: The Contribution of the Publicly Funded R&D Capital to Productivity Growth and an application to the Greek food and beverages industry (2009)
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DOI: 10.1080/02692171.2010.483795

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