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Building the dynamic linkages between R & D and productivity growth
This study attempts to integrate the dynamic and spillover characteristics of R & D into the explanation of total factor productivity growth. To characterize the dynamic feature of R & D, the dynamic growth model is reformulated to explicitly consider the contribution of R & D. The two different types of spillover effects are characterized as one that can be used directly and the other that needs to be assimilated by firms’ own investment. Empirical application of the theoretical methodology facilitates investigating factors contributing to the growth of the manufacturing sector in Taiwan over the period 1980-1991. It is found that the scale-related components have a dominant contribution in the growth of total factor productivity contributing approximately 95.3% of the growth. Although the spillover effect is quite insignificant, accumulation of R & D capital contributes nearly half of the residual growth of the manufacturing sector.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| JAE0804 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Greenwich, Connecticut: JAI Press INC. 2000 |
|---|---|
| Edisi | Vol. 8, No. 4, Winter., 1997 |
| Subjek | Spillover R & D total factor productivity (TFP) Scale economies Dynamic growth model |
| ISBN/ISSN | 1049-0078 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 21 p. |
| Info Detail Spesifik | Journal of Asian Economics |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |