Release Time:2019-03-10  Hits:

Indexed by: Journal Article

Date of Publication: 2016-01-01

Journal: TECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT

Included Journals: Scopus、SSCI

Volume: 28

Issue: 6

Page Number: 651-663

ISSN: 0953-7325

Key Words: R&D; basic research; applied research; experimental development; productivity growth

Abstract: 4 Productivity has become an important concern for the sustainable development and growth of a country. Countries, such as those in the Organization for Economic Cooperation Development (OECD), that actively innovate and conduct Research and Development (R&D) activities always have high productivity growth, with research to date examining the positive influences of R&D on productivity. R&D activities are classified into three types: basic research, applied research and experimental development. To test the different influences of the different R&D types, panel data from 23 OECD countries for the period 1996-2010 have been constructed and the Data Envelopment Analysis method is used to measure and decompose productivity growth. Moreover, based on Mansfield's ["Basic Research and Productivity Increase in Manufacturing." The American Economic Review 70: 863-873] model, the influences of each R&D type on productivity growth are tested. The empirical tests show that R&D investments in experimental development and applied research have a positive effect on productivity growth in the immediate period; basic research influences productivity growth with a lengthier lag, even up to three periods.