Ngai, L. Rachel and Samaniego, Roberto M.
(2011)
Accounting for research and productivity growth across industries.
Review of economic dynamics, 14
(3).
pp. 475-495.
ISSN 1094-2025
Full text not available from this repository.
Abstract
What factors underlie industry differences in research intensity and productivity growth? We develop a multi-sector endogenous growth model allowing for industry-specific parameters in the production functions for output and knowledge, and in consumer preferences. We find that long run industry differences in both productivity growth and R&D intensity mainly reflect differences in “technological opportunities”, interpreted as the parameters of knowledge production. These include the capital intensity of R&D, knowledge spillovers, and diminishing returns to R&D. To investigate the quantitative importance of these factors, we calibrate the model using US industry data. We find that diminishing returns to research activity is the dominant factor.
| Item Type: |
Article
|
| Official URL: |
http://www.elsevier.com/wps/find/journaldescriptio... |
| Additional Information: |
© 2009 Elsevier |
| Uncontrolled Keywords: |
multi-sector growth, total factor productivity, R&D intensity, technological opportunity, ISI |
| Library of Congress subject classification: |
H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor |
| Journal of Economic Literature Classification System: |
D - Microeconomics > D2 - Production and Organizations > D24 - Production; Cost; Capital and Total Factor Productivity; Capacity
O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O30 - General
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models |
| Sets: |
Departments > Economics
Research centres and groups > Centre for Economic Performance (CEP) |
| Rights: |
http://www.lse.ac.uk/library/rights/LSERO.htm |
| Identification Number: |
UT ISI:000291458800005 |
| URL: |
http://eprints.lse.ac.uk/37127/ |
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