Total Factor Productivity and R&D Capital in Manufacturing Industries

Jeong Lee () and Jung Woo Kim
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Jeong Lee: Graduate School of International Studies, Yonsei University
Jung Woo Kim: Samsung Economic Research Insitute

No 89, Economics Study Area Working Papers from East-West Center, Economics Study Area

Abstract: This study analyzes total factor productivity in manufacturing industries for a sample of OECD countries. The estimates of Malmquist indexes clearly indicate that research and development (R&D) capital is an important determinant of productivity growth in manufacturing industries. The empirical results also show that it is the pace, not the intensity, of R&D investment that is significantly related to the extent to which R&D capital formation contributes to output growth. Furthermore, this study finds that productivity gains in manufacturing industries depend importantly on R&D spillovers as well.

Pages: pages 16
Date: 2006-06
New Economics Papers: this item is included in nep-bec, nep-eff, nep-ino and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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