P Mapping the Two Faces of R & D : Roductivity Growth in a Panel of Oecd Industries

  title={P Mapping the Two Faces of R & D : Roductivity Growth in a Panel of Oecd Industries},
  author={Rachel M. Griffith and Stephen Redding and John Van Reenen},
Many writers have claimed that research and development (R&D) has two ‘faces’. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge (‘absorptive capacity’). In this paper we explore this idea empirically using a panel of industries across twelve OECD countries. We find evidence that R&D is statistically and economically important in this catch up process as well as… CONTINUE READING
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