R&D, Production Structure and Productivity Growth: A Comparison of the Us, Japanese and Korean Manufacturing Sectors

40 Pages Posted: 28 Jun 1998 Last revised: 30 Sep 2010

See all articles by M. Ishaq Nadiri

M. Ishaq Nadiri

New York University (NYU) - Department of Economics; National Bureau of Economic Research (NBER)

Seongjun Kim

affiliation not provided to SSRN

Date Written: March 1996

Abstract

We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as quasi-fixed subject to adjustment costs. The paper provides estimates for markups, returns to scale, rates of return on physical and R&D capital, and technical change. The paper also identifies the sources of the growth of output, labor productivity, and total factor productivity. The results show that resource accumulation, not technical change, is the key factor in rapid output growth, and that the R&D capital and technical change have been major contributors of the TFP growth in the US and Japanese manufacturing but not in the Korean manufacturing sector.

Suggested Citation

Nadiri, M. Ishaq and Kim, Seongjun, R&D, Production Structure and Productivity Growth: A Comparison of the Us, Japanese and Korean Manufacturing Sectors (March 1996). NBER Working Paper No. w5506. Available at SSRN: https://ssrn.com/abstract=4036

M. Ishaq Nadiri (Contact Author)

New York University (NYU) - Department of Economics ( email )

269 Mercer Street, 7th Floor
New York, NY 10011
United States
212-998-8968 (Phone)
212-995-4013 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Seongjun Kim

affiliation not provided to SSRN

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