Munich Personal RePEc Archive

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

Razzak, Weshah and Stillman, Steve and Johnson, Robin (2005): Has New Zealand benefited from its investments in research & development? Forthcoming in: Applied Economics (2007)

[img]
Preview
PDF
MPRA_paper_1887.pdf

Download (167kB) | Preview

Abstract

We use panel data for nine industries to evaluate research and development (R&D) investments in New Zealand over the past forty years. We estimate the impact of R&D stocks in a particular industry on output per person in that industry and on output per person in the rest of the economy. We examine both public and private R&D investments. Privately provided R&D has a statistically significant positive impact on own-industry output per person, suggesting it increases productivity. However, publicly provided R&D has no impact on own-industry output per person. There is also evidence that private R&D in certain industries positively affects output per person in the rest of the economy, i.e. it generates positive spillovers. There is no evidence of positive spillovers from publicly provided R&D.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.