Comparison of excess social rates of return to product and process R&D

Economics of Innovation and New Technology

Volumn 13, Issue 6, 2004, Pages 509-521

  Buxton, Tony ^a   Kennally, Gerry ^a  

^a LONDON METROPOLITAN UNIVERSITY   (United Kingdom)

Author keywords

Competitiveness; Product and process R D; Technical change

Indexed keywords

EID: 71549169620     PISSN: 10438599     EISSN: 14768364     Source Type: Journal    
DOI: 10.1080/10438590310001627884     Document Type: Article

References (44)

1. Abramovitz, M. (1956). Resource and Output Trends in the United States Since 1870. American Economic Review, 46: 5–23.
2. Baldwin WL, Scott JT, (1987) Market Structure and Technological Change London and New York Harwood Academic Publishers
3. Bonanno, G, and Haworth, B. (1998). Intensity of Competition and the Choice Between Product and Process Innovation. International Journal of Industrial Organisation, 16 (4): 495–510.
4. Buxton T, Mananyi T, (1998) Economic Policy and the International Competitiveness of UK Manufacturing In Buxton, et al. (eds) Britain's Economic 2nd Ed. London and New York Routledge
5. Buzzell RD, Gale BT, (1987) The PIMS Principles: Linking Strategy to Performance New York The Free Press
6. Clark KB, Griliches Z, (1984) Productivity Growth and R&D at the Business Level: Results from the PIMS Data Base In Griliches, Z. (ed.) R&D Patents and Productivity Chicago, IL and London NBER, University of Chicago Press
7. Cohen WM, Levin RC, (1989) Empirical Studies of Innovation and Market Structure In Schmalensee, R., Willig, R. (eds) Handbook of Industrial Organisation 11 Amsterdam North Holland
8. Cohen, WM, and Klepper, S. (1996). The Trade-off Between Firm Size and Diversity in the Pursuit of Technical Progress. Small Business Economics, 4: 1–14.
9. Coombs R, Technology and Business Strategy In Dodgson, M., Rothwell, R. (eds) The Handbook of Industrial Innovation Cheltenham Edward Elgar
10. Driver, C, Yip, P, and Dakhil, N. (1996). Large Company Capital Formation and Effects of Market Share Turbulence: Micro-Data Evidence from the PIMS Database. Applied Economics, 28: 641–651.
11. Fabricant S, (1954) Economic Progress and Economic Change Princeton NJ Princeton University Press
12. Geroski, P, Machin, S, and Van Reenan, J. (1993). The Profitability of Innovating Firms. Rand Journal of Economics, 24 (2): 198–211.
13. Griliches Z, (1973) Research Expenditures and Growth Accounting In Williams, B.R. (ed.) Science and Technology in Economic Growth London Macmillan pp. 59–95
14. Griliches Z, Lichtenberg F, (1984) R&D and Productivity Growth at the Industry Level: Is there Still a Relationship In Griliches (1984) pp. 465–502
15. Griliches Z, (ed.) (1984) R&D Patents and Productivity Chicagos, IL and London NBER, University of Chicago Press
16. Griliches Z, (1995) R&D and Productivity: Econometric Results and Measurement Issues In Stoneman, P. (ed.) Handbook of the Economics of Innovation and Technological Change Oxford Blackwell pp. 52–89
17. Grossman O, Helpman F, (1991) Innovation and Growth in the Global Economy Cambridge MA MIT Press
18. HaIl, BH, and Mairesse, J. (1995). Exploring the Relationship between R&D and Productivity in French Manufacturing Firms. American Economic Review, LXV: pp. 263–293
19. HMSO (1995) Competitiveness: Forging Ahead White Paper Cm 2867
20. Jaffe, AB. (1986). Technological Opportunity and Spillovers of R&D: Evidence from Firms’ Patents, Profits and Market Value. American Economic Review, 984–l00l, LXX VI
21. Jones, CI, and Williams, JC. (1998). Measuring the Social Return to R&D. Quarterly Journal of Economics, 113: 1119–1135.
22. Kamien M, Schwartz N, (1982) Market Structure and Innovation Cambridge Cambridge University Press
23. Kuznets S, (1962) Invention and Activity: Problems of Definition and Measurement In Nelson, R.R. (ed.) The Rate and Direction of Economic Activity National Bureau for Economic Research. Princeton, NJ Princeton University Press
24. Li, C-W. (2001). On the Policy Implications of Endogenous Technological Progress. Economic Journal, 111 (471): C164–179.
25. Maddison A, (1987) Growth and Slowdown in Advanced Capitalist Economies Journal of Economic Literature 25 2 June 649 698
26. Mairesse J, Sassenou M, (1991) R&D and Productivity: A Survey of Econometric Studies at the Firm Level STI Review 8 9 43 Paris OECD
27. Mansfield E, (1977) The Production and Application of New Industrial Technology New York W.W. Norton
28. Mansfield, B, Schwartz, M, and Wagner, B. (1981). Imitation Costs and Patents: An Empirical Study. Economic Journal, 91: 907–918.
29. Minasion, JR. (1969). Research and Development, Production Functions and Rate of Return. American Economic Review, 59: 80–86.
30. Nadiri, IM, and Purcha, I. (1996). Estimation of Depreciation Rate of Physical and R&D Capital in the U.S. Total Manufacturing Sector. Economic Inquiry, XXXIV (1): 43–56.
31. Nelson RR, (1962) The Rate and Direction of Innovative Activity Princeton NJ Princeton University Press
32. OECD (1981) The Measurement of Scientific and Technical Activities (The Frascati Manual) Paris OECD
33. Pavitt K, (ed.) (1980) Technical Innovation and British Economic Performance London Macmillan
34. Ravenscraft, D, and Scherer, FM. (1982). The Lag Structure of Returns to Research and Development. Applied Economics, 14: 603–620.
35. Rothwell R, (1980) Policies in Industry In Pavitt, K. (ed.) Technical Innovation and British Economic Performance London Macmillan
36. Sako M, (1994) Supplier Relationships and Innovation In Dodgson, M., Rothwell, R. (eds) The Handbook of Industrial Innovation Cheltenham Edward Elgar
37. Schumpeter JA, (1942) Capitalism, Socialism and Democracy New York Harper and Row
38. Shankerman, M. (1981). The Effects of Double-Counting and Expensing on the Measured Returns to R&D. Review of Economics and Statistics, 63 (3): 454–458.
39. Scherer, FM. (1982). Inter-Industry Technology Flows and Productivity Growth. Review of Economics and Statistics, LXIV: 627–634.
40. Soete Luc, Turner R, Patel Pan, (1985) R&D, International Technology Diffusion and Productivity Growth Mimeo Science Policy Research Unit, University of Sussex
41. Solow, RM. (1957). Technical Change and the Aggregate Production Function. Review of Economics and Statistics, 39: 312–320.
42. Stoneman, P, and Kwon, MJ. (1996). Technology Adoption and Firm Profitability. Economic Journal, 106 (437)
43. Sveikauskas, L. (1981). Technological Inputs and Multifactor Productivity Growth. Review of Economics and Statistics, LXIV: 275–282.
44. Terleckyi NE, (1980) R&D and US Industrial Productivity in the 1970 Paper given at the International Institute of Management Conference on Technology Transfer Berlin