The impact of R&D on factor-augmenting technical change – an empirical assessment at the sector level
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
The impact of R&D on factor-augmenting technical change – an empirical assessment at the sector level
Popis výsledku v původním jazyce
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
Název v anglickém jazyce
The impact of R&D on factor-augmenting technical change – an empirical assessment at the sector level
Popis výsledku anglicky
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
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2017
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Economic Systems Research
ISSN
0953-5314
e-ISSN
—
Svazek periodika
29
Číslo periodika v rámci svazku
3
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
33
Strana od-do
385-417
Kód UT WoS článku
000405565200004
EID výsledku v databázi Scopus
2-s2.0-85018272290