Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/90826
Authors: 
Griffith, Rachel
Redding, Stephen
Reenen, John Van
Year of Publication: 
2000
Series/Report no.: 
IFS Working Papers W00/02
Abstract: 
Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive capacity'). In this paper we document that there has been convergence of TFP within a panel of industries across thirteen OECD countries since 1970. Furthermore, we find evidence that both R&D and human capital appear statistically and economically important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in productivity growth.
Subjects: 
R&D
human capital
Total Factor Productivity
convergence
JEL: 
O0
O3
O4
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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