Innovation activity in South Africa: Measuring the returns to R&D

Andre Steenkamp, Mark Schaffer (), Wayde Flowerday () and John Gabriel Goddard

No wp-2018-42, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Improvements in productivity are necessary to effectively increase economic growth in the long term. The literature emphasizes a positive correlation between firm-level innovation and productivity gains. It is unsurprising, then, that policy makers and researchers widely acknowledge that innovation is one of the major drivers of productivity growth, and is therefore of critical importance to the competitiveness and growth of firms. Research and development (R&D) expenditure is used extensively as a proxy for innovation in the literature.

Keywords: Productivity (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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