Abstract

http://ssrn.com/abstract=229400
 
 

References (83)



 
 

Citations (113)



 
 

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Mapping The Two Faces Of R&D: Productivity Growth In A Panel Of OECD Industries


Rachel Griffith


Institute for Fiscal Studies (IFS); University of Manchester; Centre for Economic Policy Research (CEPR)

Stephen J. Redding


Princeton University

John Van Reenen


London School of Economics - Centre for Economic Performance (CEP); Stanford Graduate School of Business; Institute for Fiscal Studies (IFS); Centre for Economic Policy Research (CEPR)

May 2000


Abstract:     
Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD countries since 1970. Furthermore, we find evidence that both R&D and human capital appear statistically and economically important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in productivity growth.

Number of Pages in PDF File: 74

JEL Classification: O0. O30. O40

working papers series





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Date posted: June 21, 2000  

Suggested Citation

Griffith, Rachel and Redding, Stephen J. and Van Reenen, John, Mapping The Two Faces Of R&D: Productivity Growth In A Panel Of OECD Industries (May 2000). Available at SSRN: http://ssrn.com/abstract=229400 or http://dx.doi.org/10.2139/ssrn.229400

Contact Information

Rachel Griffith (Contact Author)
Institute for Fiscal Studies (IFS) ( email )
7 Ridgmount Street
London WC1E 7AE
United Kingdom
+44 20 7291 4800 (Phone)
+44 20 7323 4780 (Fax)
University of Manchester ( email )
Arthur Lewis Building
Oxford Road
Manchester, M13 9PL
United Kingdom
HOME PAGE: http://www.ifs.org.uk/people/profile?id=37
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Stephen J. Redding
Princeton University ( email )
Princeton, NJ 08544-1021
United States
HOME PAGE: http://www.princeton.edu/~reddings/
John Michael Van Reenen
London School of Economics - Centre for Economic Performance (CEP) ( email )
Houghton Street
London WC2A 2AE
United Kingdom
+44 20 7955 6976 (Phone)
+44 20 7955 6848 (Fax)
Stanford Graduate School of Business ( email )
518 Memorial Way
Stanford, CA 94305-5015
United States

Institute for Fiscal Studies (IFS) ( email )
7 Ridgmount Street
London, WC1E 7AE
United Kingdom
+44 20 7240 6740 (Phone)
+44 20 7240 6136 (Fax)
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
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References:  83
Citations:  113
Footnotes:  56

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