dc.contributor.author | Zachariadis, Marios | en |
dc.creator | Zachariadis, Marios | en |
dc.date.accessioned | 2019-05-03T05:23:17Z | |
dc.date.available | 2019-05-03T05:23:17Z | |
dc.date.issued | 2001 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/48080 | |
dc.description.abstract | I use aggregate and industry-level data for a group of OECD countries for
the period 1973 to 1991 to estimate a system implied by a model of R&Dinduced growth that relates R&D intensity, productivity, and output growth. I
find evidence of positive long-run impact of R&D intensity on productivity and,
ultimately, on the growth rate of output. The null hypothesis that growth is not
induced by R&D is therefore rejected for this group of OECD countries. The
estimation of the theoretically implied system of equations is more efficient and
provides stronger results than the traditional estimation of individual equations
in the microeconomic R&D literature. The results become stronger when using
aggregate-level data suggesting spillovers from aggregate R&D. | en |
dc.language.iso | eng | en |
dc.source.uri | http://www.bus.lsu.edu/economics/papers/pap01_02.pdf | |
dc.source.uri | https://www.lsu.edu/business/economics/files/workingpapers/pap01_02.pdf | |
dc.subject | R&D-induced growth | |
dc.subject | Technological change | |
dc.subject | System estimation | |
dc.title | R&D-induced growth in the OECD? | en |
dc.type | info:eu-repo/semantics/workingPaper | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Working Paper | en |
dc.contributor.orcid | Zachariadis, Marios [0000-0002-2308-1881] | |
dc.gnosis.orcid | 0000-0002-2308-1881 | |