R & D and productivity: the unfinished business

Griliches, Zvi

dc.creator	Griliches, Zvi
dc.date	2016-05-10
dc.date.accessioned	2022-07-05T18:33:29Z
dc.date.available	2022-07-05T18:33:29Z
dc.identifier	https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/41027
dc.identifier.uri	https://revistaschilenas.uchile.cl/handle/2250/189019
dc.description	Recent work on the relationship of productivity growth to expenditures on R&D is discussed with special reference to ""unfinished business"": unsolved conceptual and econometric problems. The standard ""R&D as a capital"" model raises a number of difficult conceptual issues, especially the meaning and measurement of the depreciation of ""knowledge"" and of the associated economic rents created by it. In addition, empirical implementations of this model have to struggle with the possibility of simultaneity and reverse causality and the implication of imperfect markets for knowledge-based products. An empirical example of some of these issues is presented using data from a panel of U.S. R&D -performing firms, showing both the difficulties alluded to above and evidence for the continued importance of the R&D process for the growth of productivity."	en-US
dc.format	text/html
dc.language	eng
dc.publisher	Departamento de Economía - Facultad de Economía y Negocios, Universidad de Chile.	en-US
dc.relation	https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/41027/43613
dc.source	Estudios de Economía; Vol. 25 No. 2 (1998): December; pp. 145-160	en-US
dc.source	Estudios de Economía; Vol. 25 Núm. 2 (1998): December; pp. 145-160	es-ES
dc.source	0718-5286
dc.source	0304-2758
dc.title	R & D and productivity: the unfinished business	en-US
dc.title	R & D and productivity: the unfinished business	es-ES
dc.type	info:eu-repo/semantics/article
dc.type	info:eu-repo/semantics/publishedVersion

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Estudios de Economía
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