Mapping the two faces of R&D: productivity growth in a panel of OECD industries

Rachel Griffith, Stephen Redding and John van Reenen

No W00/02, IFS Working Papers from Institute for Fiscal Studies

Abstract: Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD countries since 1970. Furthermore, we find evidence that both R&D and human capital appear statistically and economically important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in productivity growth.

Keywords: R&D; human capital; Total Factor Productivity; convergence (search for similar items in EconPapers)
JEL-codes: O0 O3 O4 (search for similar items in EconPapers)
Pages: 71 pp
Date: 2000-01-02
New Economics Papers: this item is included in nep-dev and nep-ino
References: Add references at CitEc
Citations: View citations in EconPapers (222)

Downloads: (external link)
http://www.ifs.org.uk/wps/wp0002.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.ifs.org.uk/wps/wp0002.pdf [301 Moved Permanently]--> https://www.ifs.org.uk/wps/wp0002.pdf [302 Found]--> https://ifs.org.uk/wps/wp0002.pdf)

Related works:
Journal Article: Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries (2004)
Working Paper: Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries (2000)
Working Paper: Mapping The Two Faces Of R&D: Productivity Growth In A Panel Of OECD Industries (2000)
Working Paper: Mapping the two faces of R&D: productivity growth in a panel of OECD industries (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ifs:ifsewp:00/02

Ordering information: This working paper can be ordered from
The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE

Access Statistics for this paper

More papers in IFS Working Papers from Institute for Fiscal Studies The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE. Contact information at EDIRC.
Bibliographic data for series maintained by Emma Hyman ().