EconPapers    
Economics at your fingertips  
 

Measuring the Returns to R&D

Bronwyn Hall, Jacques Mairesse () and Pierre Mohnen ()

No 2010-006, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: We review the econometric literature on measuring the returns to R&D. The theoretical frameworks that have been used are outlined, followed by an extensive discussion of measurement and econometric issues that arise when estimating the models. We then provide a series of tables summarizing the major results that have been obtained and conclude with a presentation of R&D spillover returns measurement. In general, the private returns to R&D are strongly positive and somewhat higher than those for ordinary capital, while the social returns are even higher, although variable and imprecisely measured in many cases.

Keywords: returns to R&D; innovation; social returns; spillovers (search for similar items in EconPapers)
JEL-codes: O30 O47 C23 C81 D24 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (84) Track citations by RSS feed

Downloads: (external link)
https://www.merit.unu.edu/publications/wppdf/2010/wp2010-006.pdf (application/pdf)

Related works:
Chapter: Measuring the Returns to R&D (2010) Downloads
Working Paper: Measuring the Returns to R&D (2010) Downloads
Working Paper: Measuring the Returns to R&D (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unm:unumer:2010006

Access Statistics for this paper

More papers in MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT) Contact information at EDIRC.
Bibliographic data for series maintained by Ad Notten ().

 
Page updated 2021-06-15
Handle: RePEc:unm:unumer:2010006