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Scientific output: labor or capital intensive? An analysis for selected countries

Elham Erfanian and Amir Borges Ferreira Neto
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Elham Erfanian: West Virginia University, Regional Research Institute

No 17-04, Working Papers from Department of Economics, West Virginia University

Abstract: Scientific research contributes to sustainable economic growth environments. Hence, policy-makers should understand how the different inputs - namely labor and capital - are related to a country's scientific output. This paper addresses this issue by estimating output elasticities for labor and capital using a panel of 31 countries in nine years. Due to the nature of scientific output, we also use spatial econometric models to take into account the spillover effects from knowledge produced as well as labor and capital. The results show that capital elasticity is closer to the labor elasticity. The results suggest a decreasing return to scale production of scientific output. The spatial model points to negative spillovers from capital expenditure and no spillovers from labor or the scientific output.

Keywords: Scientific output; capital; labor; spillover effects (search for similar items in EconPapers)
JEL-codes: F01 O15 O32 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2017-04
New Economics Papers: this item is included in nep-eff and nep-ino
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