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On the robustness of R&D

Luintel, Kul, Khan, Mosahid and Theodoridis, Konstantinos 2012. On the robustness of R&D. [Working Paper]. Cardiff Economics Working Papers, Cardiff: Cardiff University.

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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 (OECD) 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: Monograph (Working Paper)
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HB Economic Theory
Publisher: Cardiff University
Date of First Compliant Deposit: 30 March 2016
Last Modified: 14 Mar 2018 20:47
URI: http://orca.cardiff.ac.uk/id/eprint/77928

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