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R&D, innovation, and technological progress: a test of the Schumpeterian framework without scale effects.
- Source :
- Canadian Journal of Economics; Aug2003, Vol. 36 Issue 3, p566-586, 21p
- Publication Year :
- 2003
-
Abstract
- Abstract. I use U.S. manufacturing industry data to estimate a system of three equations implied by a model of R&D-induced growth in steady state. These equations relate R&D intensity to patenting, patenting to technological progress, and technological progress to economic growth. In each case, I find evidence of positive impact. Thus, I reject the null hypothesis that growth is not induced by R&D in favour of the Schumpeterian endogenous growth framework without scale effects. I also find strong support for technological spillovers from aggregate research intensity to industry-level innovation success. JEL Classification: O40, O30. [ABSTRACT FROM AUTHOR]
- Subjects :
- MANUFACTURING industries
RESEARCH
ECONOMIC development
TECHNOLOGICAL innovations
Subjects
Details
- Language :
- English
- ISSN :
- 00084085
- Volume :
- 36
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Canadian Journal of Economics
- Publication Type :
- Academic Journal
- Accession number :
- 10362097
- Full Text :
- https://doi.org/10.1111/1540-5982.t01-2-00003