R&D, Innovation and Productivity: The Role of Public Support

Artikel

Research and innovation are widely agreed to be major driving forces behind long-term productivity and economic growth. However, the relationships have proven to be difficult to quantify. We make reference to the international literature and draw on recent research for Australia to advance our understanding of these relationships. Particular focus is on assessing the impact of publically financed R&D on productivity. The conclusions have implications for government innovation policies, providing insight into possible productivity gains from funding reallocations. Specifically, the findings suggest that government research agencies and higher education are areas in which investment leads to more potential productivity gains.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: KDI Journal of Economic Policy ; ISSN: 2586-4130 ; Volume: 37 ; Year: 2015 ; Issue: 1 ; Pages: 73-96 ; Sejong: Korea Development Institute (KDI)

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Instrumental Variables (IV) Estimation ; Innovation and Invention: Processes and Incentives ; Technological Change: Choices and Consequences; Diffusion Processes ; Technological Change: Government Policy
• Subject: Research and Development ; Productivity ; Innovation ; Intangible asset ; Public funding

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Amani, Elnasri ; Fox, Kevin J.
• Event: Veröffentlichung
• (who): Korea Development Institute (KDI)
• (where): Sejong
• (when): 2015

Further information

• DOI: doi:10.23895/kdijep.2015.37.1.73
• Handle: http://hdl.handle.net/10419/200768
• Last update: 10.03.2025, 11:46 AM CET