The Contribution of the Publicly Funded R&D Capital to Productivity Growth and an application to the Greek food and beverages industry

Emmanuel Mamatzakis

MPRA Paper from University Library of Munich, Germany

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 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 percent and 7.3 percent 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 private purchased inputs is also examined.

Keywords: Public R&D; Productivity Growth; Rate of return. (search for similar items in EconPapers)
JEL-codes: L6 O32 (search for similar items in EconPapers)
Date: 2009-12
New Economics Papers: this item is included in nep-agr, nep-eff and nep-ino
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Related works:
Journal Article: The contribution of the publicly-funded R&D capital to productivity growth and an application to the Greek food and beverages industry (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19388

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