Do Higher per Capita Incomes Lead to More R&D Expenditure?
Author InfoBraconier, Henrik Abstract This paper analyzes empirically the relationship between R&D and growth. The estimated elasticity of per capita R&D expenditures with respect to domestic per capita incomes lies between 1.81 and 2.93 for the ten OECD countries studied, whereas the elasticity of R&D with respect to foreign demand lies between 0.43 and 0.68. The paper introduces a “standard” GDP growth accounting equation where current productivity is a function of previous R&D. The results indicate that OLS estimates of spillovers from R&D have an upward bias of more than 40%. Copyright 2000 by Blackwell Publishing Ltd Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
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