Luintel, Kul, Khan, Mosahid and Theodoridis, Konstantinos 2014. On the robustness of R&D. Journal of Productivity Analysis 42 (2) , pp. 137-155. 10.1007/s11123-013-0360-0 |
Official URL: http://dx.doi.org/10.1007/s11123-013-0360-0
Abstract
Alternative models of productivity predict a range of its determinants besides that of research and development (R&D). We investigate the robustness of R&D vis-à-vis a dozen productivity determinants in a panel of 16 Organisation for Economic Co-operation and Development countries through panel cointegration, bootstrap simulations and extensive sensitivity tests. Domestic knowledge stocks, international knowledge diffusion and human capital remain robust across all measures. The cross-country differences in accumulated knowledge stocks and human capital appear to explain productivity differences across countries.
Item Type: | Article |
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Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Subjects: | H Social Sciences > HD Industries. Land use. Labor |
Uncontrolled Keywords: | R&D capital stock; Multifactor productivity; Heterogeneity; Panel cointegration; Bootstrap simulations; C2; O3; O4. |
Publisher: | Springer |
ISSN: | 0895-562X |
Last Modified: | 25 Feb 2019 16:31 |
URI: | http://orca.cf.ac.uk/id/eprint/50400 |
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