Abstract
This study examines how R&D specialization within the manufacturing sector affects productivity growth, constructing various measures of R&D specialization using a concentration index and industrial classification. Based on 11 member countries of the Organization for Economic Co-operation and Development (OECD) for the period from 1981 to 2000, the results obtained based on the fixed-effect panel data model with cross-sectional dependence indicate that concentrating suitable R&D resources within a few industries tends to promote productivity growth. Moreover, this positive effect is relevant to concentrating on development-oriented industries or process innovation-oriented industries.
Original language | English |
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Pages (from-to) | 33-43 |
Number of pages | 11 |
Journal | Japan and the World Economy |
Volume | 34-35 |
DOIs | |
State | Published - 1 May 2015 |
Keywords
- Inequality index
- OECD
- Productivity growth
- R&D specialization
- TFP