The Contribution of the Publicly Funded R&D Capital to Productivity Growth and an application to the Greek food and beverages industry

Mamatzakis, E (2009): The Contribution of the Publicly Funded R&D Capital to Productivity Growth and an application to the Greek food and beverages industry.

Abstract

This paper follows the dual cost function methodology and develops a theoretical specification that assesses the contribution of public R&D capital to the productivity growth. The empirical application focuses on Greek food and beverages industry. For this purpose it employs a micro-aggregated annual data set over the period 1976-2002. The regression analysis shows that publicly funded R&D capital is a productive input as 8.7 percent and 7.3 percent of the total factor productivity growth in the food industry and in the beverages industry respectively is attributed to the publicly funded R&D capital. The relationship between publicly funded R&D and private purchased inputs is also examined.

• Item Type: MPRA Paper
• Language: English
• Keywords: Public R&D; Productivity Growth; Rate of return.
• Subjects: L - Industrial Organization > L6 - Industry Studies: Manufacturing; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D

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