Luintel, Kul ORCID: https://orcid.org/0000-0001-7430-3926, Khan, Mosahid and Theodoridis, Konstantinos 2010. How robust is the R&D–productivity relationship? Evidence from OECD countries. [Working Paper]. Cardiff Economics Working Papers, Cardiff: Cardiff University. |
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Abstract
We examine the robustness of R&D and productivity relationship in a panel of 16 OECD countries. We control for fifteen productivity determinants predicted by different theoretical models. Following the advances in non-stationary panel data econometrics, we estimate four variants of thirteen specifications. All models appear co-integrated. Results are rigorously scrutinized through extensive bootstrap simulations and sensitivity checks. R&D and human capital emerge robust in all specifications making them universal drivers of productivity across nations. Most other determinants are also significant. Productivity relationships are heterogonous across countries depending on their accumulated stocks of knowledge and human capital.
Item Type: | Monograph (Working Paper) |
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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: | 28 Oct 2022 10:19 |
URI: | https://orca.cardiff.ac.uk/id/eprint/77855 |
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