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On the robustness of R&D

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

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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
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.cardiff.ac.uk/id/eprint/50400

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