Has New Zealand benefited from its investments in research and development?

Applied Economics

Volumn 39, Issue 19, 2007, Pages 2425-2440

  Johnson, Robin ^a   Razzak, W A ^a   Stillman, Steven ^a  

^a Department of Labour ^*  (New Zealand)

Author keywords

[No Author keywords available]

Indexed keywords

HIGH TECHNOLOGY INDUSTRY; INVESTMENT; PANEL DATA; PRODUCTIVITY; RESEARCH AND DEVELOPMENT; SPILLOVER EFFECT;

AUSTRALASIA; NEW ZEALAND;

EID: 35348972995     PISSN: 00036846     EISSN: 14664283     Source Type: Journal    
DOI: 10.1080/00036840600707308     Document Type: Article

References (44)

1. Arellano, M. and Bond, S. (1991) Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58, pp. 277-297.
2. Arellano, M. and Bover, O. (1995) Another look at the instrumental variable estimation of error-component models. Journal of Econometrics, 68, pp. 29-52.
3. Arrow, K. (1962) The economic implications of learning by doing. The Review of Economic Studies, 29, pp. 155-173.
4. Benhabib, J. and Jovanovic, B. (1991) Externalities and growth accounting. The American Economic Review, 81, pp. 82-113.
5. Bönte, W. (2004) Spillovers from publicly financed business R&D: Some empirical evidence from Germany. Research Policy, 33, pp. 1635-1655.
6. Blundell, R. and Bond, S. (1999) GMM estimation with persistent panel data: An application to production functions, The Institute of Fiscal Studies Working Paper No. 99/4
7. Coe, D. and Helpman, E. (1995) International R&D spillovers. European Economic Review, 39, pp. 859-887.
8. Elliott, G. (1999) Efficient tests for unit root when the initial observation is drawn from its unconditional distribution. International Economic Review, 140, pp. 767-783.
9. Engelbrecht, H-J (1997) International R&D spillovers, human capital and productivity in OECD economies: An empirical investigation. European Economic Review, 41, pp. 1479-1488.
10. Engelbrecht, H-J (2002) Human capital and international knowledge spillovers in TFP growth of a sample of developing countries: An explanation of alternative approaches. Applied Economics, 34, pp. 831-841.
11. Engelbrecht, H-J (2003) Human capital and economic growth: Cross-section evidence for OECD countries. Economic Record, 79, pp. 40-51.
12. Engelbrecht, HJ and McLellan, N. (2001) Economic growth revisited: identifying a class of growth models for the New Zealand economy, Massey University
13. Eveleens, WM and Scobie, GM (1986) Agricultural research: What's it worth? Ministry of Agriculture and Fishery Working Paper No. 1/86.
14. Eveleens, WM and Scobie, GM (1986) Efficiency and equity in agricultural research, Economic Research Section, Ruakura Agricultural Research Centre
15. Goto, A. and Suzuki, K. (1989) R&D' capital rate of return on R&D investments and spillover of R&D in Japanese manufacturing industries. Review of Economics and Statistics, 71, pp. 555-564.
16. Griliches, Z. (1979) Issues in assessing the contribution of research and development to productivity growth. Bell Journal of Economics, 10, pp. 92-116.
17. Griliches, Z. (1991) The search for R&D spillovers, Cambridge, MA
18. Griliches, Z. (1995) R&D and productivity: Econometric results and measurement issues. The Handbook of Economics of Innovation and Technological Change, pp. 52-89. Blackwell, Oxford
19. Griliches, Z. and Mairesse, J. (1990) R&D and Productivity growth: comparing Japanese and US maufacturing firms. Productivity Growth in Japan and the United States, pp. 317-348. Chicago University Press
20. Lattimore, R. (1997) Research and development fiscal incentives in Australia: Impacts and policy lessons, Industry Commission,, Canberra
21. Levin, A., Lin, CF and Chu, CS (2002) Unit root tests in panel data: asymptotic and finite sample properties. Journal of Econometrics, 108, pp. 1-24.
22. Lichtenberg, F. (1993) R&D investment and international productivity differences. Economic Growth in the World Economy, Symposium, Tübingen, Mohr
23. Lucas Jr, R. (1988) On the mechanics of development planning. Journal of Monetary Economics, 22, pp. 3-42.
24. Mairesse, J. and Hall, BH (1996) Estimating the production function of research and development in French and US manufacturing firms: An exploration of simultaneity issues with GMM Methods. International Productivity Differences and Their Explanations, pp. 285-315. Elsevier Science, Amsterdam
25. Mairesse, J. and Sassenou, M. (1991) R&D and productivity: A survey of econometric studies at the firm level. The Science Technology and Industry Review, 8, pp. 317-348.
26. Mansfield, E., Rapoport, J., Romeo, A., Wagner, S. and Beardsley, G. (1977) Social and private rates of return from industrial innovations. Quarterly Journal of Economics, 77, pp. 221-240.
27. Mohnen, P. and Lepine, N. (1991) R&D, R&D spillovers and payments for technology: Canadian evidence. Structural Change and Economic Dynamics, 2, pp. 212-228.
28. Mohnen, P., Ishaq, N. and Prucha, I. (1986) R&D, production structure and the rate of return in the US, Japanese and German manufacturing sector: A nonseparable dynamic factor demand model. European Economic Review, 30, pp. 749-771.
29. Mowery, DC and Rosenberg, N. (1998) Paths of Innovation: Technological Change in the 20th Century America, Cambridge University Press, New York
30. Nelson, R. and Phelps, E. (1966) Investments in humans, technological diffusion, and economic growth, American economic review. Papers and Proceedings, 51, pp. 69-75.
31. New Zealand Research and Experimental Development Statistics (1990) Ministry of Research. Science and Technology, 7, p. 45. Wellington, New Zealand
32. Nickell, S., Wadhwani, S. and Wall, M. (1992) Productivity growth in the UK companies, 1975-1986. European Economic Review, 36, pp. 1055-1091.
33. Phillips, PCB and Perron, P. (1988) Testing for a unit root in time series regression. Biometrika, 75, pp. 335-346.
34. Philpott, BP (1994) Data base of nominal and real output, Labour, and Capital Employed by SNA Industry Group 1960-1990, RPEP Paper No. 265, Victoria University
35. Prescott, EC (1997) Needed: A theory of total factor productivity, Federal Reserve Bank of Minneapolis
36. Prescott, EC (2002) Prosperity and depression: 2002 Richard T Ely Lecture, the American Economic Annual Meeting, Atlanta. American Economic Review, 92, pp. 1-15.
37. Romer, P. (1986) Increasing returns and long run growth. Journal of Political Economy, 94, pp. 1002-1037.
38. Romer, P. (1990) Endogenous technological change. Journal of Political Economy, 89, p. S71.
39. Sarno, L. and Taylor, M. (1998) Real exchange rates under the current float: Unequivocal evidence of mean reversion. Economics Letters, 60, pp. 131-137.
40. Solow, R. (1957) Technical change and the aggregate production function. Review of Economics and Statistics, 39, pp. 312-320.
41. Taylor, M. and Sarno, L. (1998) The behaviour of real exchange rates during the post-bretton woods period. Journal of International Economics, 46, pp. 281-312.
42. Wakelin, K. (2001) Productivity growth and R&D expenditure in UK manufacturing firms. Research Policy, 30, pp. 1079-1090.
43. Wieser, R. (2004) R&D productivity and spillovers: Empirical evidence at the firm level, Forthcoming at the journal of economic surveys, Institute of Public Finance and Infrastructure Policy at Vienna University of Technology
44. Wieser, R. (2005) Research and development productivity and spillovers: empirical evidence at the firm level. Journal of Economic Surveys, 19, pp. 587-621.