 R&D, Production Structure and Productivity Growth: A Comparison of the US, Japanese and Korean Manufacturing SectorsM. Ishaq Nadiri and Seongjun Kim No 5506, NBER Working Papers from National Bureau of Economic Research, Inc Abstract: We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as quasi-fixed subject to adjustment costs. The paper provides estimates for markups, returns to scale, rates of return on physical and R&D capital, and technical change. The paper also identifies the sources of the growth of output, labor productivity, and total factor productivity. The results show that resource accumulation, not technical change, is the key factor in rapid output growth, and that the R&D capital and technical change have been major contributors of the TFP growth in the US and Japanese manufacturing but not in the Korean manufacturing sector. JEL-codes: H52 O32 (search for similar items in EconPapers) Published as "R&D, Production Structure and Rates of Return in the U.S., Japanese and German Manufacturing Sectors: A Non-Sector Model", European Economic Review, Vol. 30, no. 4 (1986): 749-772. Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:5506 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC. |
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