The productivity effect of public R&D in the Netherlands
Using a vector-error-correction model (VECM) with total factor productivity (TFP), domestic and foreign research and development investment (R&D) as well as GDP, we find that for the Netherlands for the period 1968-2014, extra investment in public and private R&D has a clear positive effect on TFP growth and GDP. Taking into account the costs of these extra investments, we find that the rate of return to such a policy is positive and high. We also find dynamic complementarity of public and private stocks of R&D for a long period after the initial shock. However, our results also sh... Mehr ...
Verfasser: |
Soete, Luc
Verspagen, Bart
Ziesemer, Thomas |
Dokumenttyp: |
Artikel |
Erscheinungsdatum: |
2020 |
Reihe/Periodikum: |
Soete , L , Verspagen , B & Ziesemer , T 2020 , ' The productivity effect of public R &D in the Netherlands ' , Economics of Innovation and New Technology , vol. 29 , no. 1 , pp. 31-47 . https://doi.org/10.1080/10438599.2019.1580813 |
Schlagwörter: |
atira/keywords/jel_classifications/o38
/ o38 - Technological Change: Government Policy
/ atira/keywords/jel_classifications/o30
/ o30 - \
/ Technological Change; Research and Development; Intellectual Property Rights: General\
/ atira/keywords/jel_classifications/h40
/ h40 - Publicly Provided Goods: General
/ R&D policy
/ public R&D investment
/ rate of return to public R&D investment
/ vector-error-correction model |
Sprache: |
Englisch |
Permalink: |
https://search.fid-benelux.de/Record/base-27206195 |
Datenquelle: |
BASE;
Originalkatalog |
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Link(s) :
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https://cris.maastrichtuniversity.nl/en/publications/649003f1-ac72-48e5-8b86-90de02276fea |