The impact of R&D on factor-augmenting technical change – an empirical assessment at the sector level
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F17%3A73780" target="_blank" >RIV/60460709:41110/17:73780 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1080/09535314.2017.1316707" target="_blank" >http://dx.doi.org/10.1080/09535314.2017.1316707</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/09535314.2017.1316707" target="_blank" >10.1080/09535314.2017.1316707</a>
Alternative languages
Result language
angličtina
Original language name
The impact of R&D on factor-augmenting technical change – an empirical assessment at the sector level
Original language description
The aim of the paper is to quantify endogenous factor augmenting technical change driven by RD investments in a panel of 11 OECD countries over 1987 2007. This paper contributes to the scant empirical evidence on the speed, sources and direction of technical change for various sectors and production factors. Assuming cost minimization behavior, a CES framework is used to derive a system of equations that is estimated by a GMM system estimator. The estimated factor augmenting technology parameters show that in most sectors, technical change was labor augmenting and labor saving. Statistically significant effects of manufacturing and services RD were found on factor augmenting technical change (with the highest RD elasticities found in the high tech manufacturing and transport, storage and communication sectors). Whereas in house RD stimulates total factor productivity, RD spilled over to other sectors has a capital augmenting effect accompanied by a higher use of labor. The results of this study provi
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Economic Systems Research
ISSN
0953-5314
e-ISSN
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Volume of the periodical
29
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
33
Pages from-to
385-417
UT code for WoS article
000405565200004
EID of the result in the Scopus database
2-s2.0-85018272290