R&D and Growth at the Industry Level

Gavin Cameron

Economics Papers from Economics Group, Nuffield College, University of Oxford

Abstract: Although research and development is widely considered to be an important source of growth, relatively little is known about how its effects differ across industries. This is mainly because much reseach on the effect of R&D has used either cross-section or time-series data and the remainder has mostly looked at the effect of R&D on panels of firms. This paper constructs a heterogeneous dynamic panel data model of total factor productivity in the nineteen sectors of UK Manufacturing between 1972 and 1992.

Keywords: ECONOMIC GROWTH; RESEARCH AND DEVELOPMENT; MANUFACTURES (search for similar items in EconPapers)
JEL-codes: C23 L6 O3 O47 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2000
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:nuf:econwp:2000-w4

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