4.3 Article

Mission-oriented R&D and growth of Japan 1988-2016: a comparison with private and public R&D

Related references

Note: Only part of the references are listed.
Article Economics

Labour-augmenting technical change data for alternative elasticities of substitution: growth, slowdown, and distribution dynamics

Thomas Ziesemer

Summary: The aim of this paper is to derive data for labour-augmenting technology (LAT) through growth accounting and analyze it in relation to topics in the literature. The results show that the growth rates of LAT decline over time, and LAT data based on low elasticities of substitution indicate that the economies are not in steady states.

ECONOMICS OF INNOVATION AND NEW TECHNOLOGY (2023)

Article Economics

Productivity dynamics in Japan and the negative exit effect

Kenta Ikeuchi et al.

Summary: Using census data and a large-scale micro data set, this study confirms the negative exit effect in Japan, where the exit of highly productive firms has a significant impact on productivity growth in the economy.

CONTEMPORARY ECONOMIC POLICY (2022)

Article Economics

Japan's productivity stagnation: Using dynamic Hsieh-Klenow decomposition

Kaoru Hosono et al.

Summary: This study extends the Hsieh and Klenow framework to analyze Japan's stagnant aggregate productivity, finding that allocative efficiency among survivors declined during the banking crisis period, while technical efficiency declined during the global financial crisis period.

CONTEMPORARY ECONOMIC POLICY (2022)

Article Economics

Foreign R&D spillovers to the USA and strategic reactions

Thomas H. W. Ziesemer

Summary: This paper uses a vector-error-correction model (VECM) to analyze the effects of permanent changes in R&D variables on the US economy, and derives several important findings. First, private and public foreign R&D have a positive impact on labor-augmenting technical change (LATC) and public R&D in the USA, contrary to the traditional result of zero or negative foreign R&D spillovers. Moreover, US private R&D reacts positively to foreign private R&D and negatively to foreign public R&D shocks. Second, changes in US R&D have positive effects on foreign public and private R&D. All the mentioned variables react positively to changes in US private R&D. Third, additional private and public US R&D expenditures have high rates of return and are profitable even in reaction to shocks from foreign R&D. All LATC reactions are transitional, indicating semi-endogenous growth for the USA.

APPLIED ECONOMICS (2022)

Article Economics

Mission-oriented R&D and growth

Thomas H. W. Ziesemer

Summary: The study found that an increase in mission-oriented R&D expenditure can improve total-factor-productivity and GDP. On average, a 1% increase leads to additional public R&D, private R&D, TFP, and GDP growth. Additionally, mission-oriented R&D demonstrates high internal rates of return.

JOURNAL OF APPLIED ECONOMICS (2021)

Article Economics

HUMAN CAPITAL AND ECONOMIC GROWTH IN JAPAN: 1885-2015

Kyoji Fukao et al.

Summary: The study reveals that Japan's labor productivity has increased significantly over the past 130 years, with increases in the capital-labor ratio, improvements in labor quality, and total factor productivity growth being the main contributing factors. Additionally, the postwar period saw a substantial acceleration in labor productivity growth compared to the prewar period, with different sources of growth driving the increases.

JOURNAL OF ECONOMIC SURVEYS (2021)

Article Management

Directed innovation policies and the supermultiplier: An empirical assessment of mission-oriented policies in the US economy

Matteo Deleidi et al.

Summary: This paper investigates the determinants of economic growth from both a theoretical and an empirical perspective, combining the supermultiplier model with the Neo-Schumpeterian framework. The study finds that mission-oriented policies have a larger positive effect on GDP and private R&D investment compared to more generic public expenditures.

RESEARCH POLICY (2021)

Article Economics

Semi-endogenous growth models with domestic and foreign private and public R&D linked to VECMs

Thomas H. W. Ziesemer

Summary: The study indicates that private and public R&D have a positive impact on productivity, but a negative impact on technical change. In some cases, steady states with constant R&D/productivity ratios only exist under special parameter restrictions.

ECONOMICS OF INNOVATION AND NEW TECHNOLOGY (2021)

Article Economics

A global decline in research productivity? Evidence from China and Germany

Philipp Boeing et al.

ECONOMICS LETTERS (2020)

Article Economics

Does public R&D complement or crowd-out private R&D in pre and post economic crisis of 2008?

Naqeeb Ur Rehman et al.

JOURNAL OF APPLIED ECONOMICS (2020)

Article Economics

The productivity effect of public R&D in the Netherlands

Luc L. G. Soete et al.

ECONOMICS OF INNOVATION AND NEW TECHNOLOGY (2020)

Article Business

The retreat of public research and its adverse consequences on innovation

Daniele Archibugi et al.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2018)

Review Economics

PUBLIC R&D POLICIES AND PRIVATE R&D INVESTMENT: A SURVEY OF THE EMPIRICAL EVIDENCE

Bettina Becker

JOURNAL OF ECONOMIC SURVEYS (2015)

Article Economics

The Next Generation of the Penn World Table

Robert C. Feenstra et al.

AMERICAN ECONOMIC REVIEW (2015)

Article Economics

The Long-Run Impact of Foreign Aid in 36 African Countries: Insights from Multivariate Time Series Analysis

Katarina Juselius et al.

OXFORD BULLETIN OF ECONOMICS AND STATISTICS (2014)

Article Business

On the robustness of R&D

Kul B. Luintel et al.

JOURNAL OF PRODUCTIVITY ANALYSIS (2014)

Article Economics

What caused Japan's Great Stagnation in the 1990s? Evidence from an estimated DSGE model

Sohei Kaihatsu et al.

JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES (2014)

Article Economics

Are international R&D spillovers costly for the United States?

KB Luintel et al.

REVIEW OF ECONOMICS AND STATISTICS (2004)