The contribution of research and innovation to productivity
This paper examines the impact of investment in research and innovation on Australian market sector productivity. While previous studies have largely focused on a narrow class of private sector intangible assets as a source of productivity gains, this paper shows that there is a broad range of other...
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| Published in | Journal of productivity analysis Vol. 47; no. 3; pp. 291 - 308 |
|---|---|
| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
New York
Springer Science + Business Media
01.06.2017
Springer US Springer Nature B.V |
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| Abstract | This paper examines the impact of investment in research and innovation on Australian market sector productivity. While previous studies have largely focused on a narrow class of private sector intangible assets as a source of productivity gains, this paper shows that there is a broad range of other business sector intangible assets that can significantly affect productivity. Moreover, the paper pays special attention to the role played by public funding for research and innovation. The empirical results suggest that there are significant spillovers to productivity from public sector R&D spending on research agencies and higher education. No evidence is found for productivity spillovers from indirect public funding for the business enterprise sector, civil sector or defence R&D. These findings have implications for government innovation policy as they provide insights into possible productivity gains from government funding reallocations. |
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| AbstractList | This paper examines the impact of investment in research and innovation on Australian market sector productivity. While previous studies have largely focused on a narrow class of private sector intangible assets as a source of productivity gains, this paper shows that there is a broad range of other business sector intangible assets that can significantly affect productivity. Moreover, the paper pays special attention to the role played by public funding for research and innovation. The empirical results suggest that there are significant spillovers to productivity from public sector R&D spending on research agencies and higher education. No evidence is found for productivity spillovers from indirect public funding for the business enterprise sector, civil sector or defence R&D. These findings have implications for government innovation policy as they provide insights into possible productivity gains from government funding reallocations. |
| Author | Fox, Kevin J. Elnasri, Amani |
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| Cites_doi | 10.1111/j.1475-4991.2009.00345.x 10.1596/1813-9450-3255 10.2139/ssrn.1556560 10.2307/1926047 10.1017/CBO9780511664700 10.2139/ssrn.1802854 10.1257/jep.14.4.23 10.2139/ssrn.2398732 10.1111/j.1475-4991.2009.00344.x 10.1111/j.1541-0072.1993.tb01831.x 10.2139/ssrn.903720 10.1086/261725 10.2307/2953682 10.1093/ei/cbj004 10.2307/136425 10.3386/w11948 10.2139/ssrn.2093526 10.2307/2295952 10.1111/j.1475-4932.1998.tb01931.x 10.1016/S0304-3878(01)00155-9 10.7208/chicago/9780226116174.001.0001 10.2307/1913236 10.1111/j.1475-4932.1994.tb01832.x 10.1016/j.econlet.2013.02.011 10.1787/9789264193260-en |
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| Copyright | Springer Science+Business Media New York 2017 Journal of Productivity Analysis is a copyright of Springer, 2017. |
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| DOI | 10.1007/s11123-017-0503-9 |
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| Keywords | Productivity Innovation O3 O4 Intangible assets H4 Public funding |
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| SubjectTerms | Accounting/Auditing Econometrics Economic models Economics Economics and Finance Funding Innovations Microeconomics Operations Research/Decision Theory Productivity R&D Research & development Research & development expenditures |
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| Title | The contribution of research and innovation to productivity |
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