DO R&D EXPENDITURES MATTER FOR LABOR PRODUCTIVITY IN OECD COUNTRIES? AN UNRESOLVED QUESTION

Erkan ERDİL; Seyit CİLASUN; Ayşegül ERUYGUR

doi:https://doi.org/10.17065/huniibf.103656

Article Details

DO R&D EXPENDITURES MATTER FOR LABOR PRODUCTIVITY IN OECD COUNTRIES? AN UNRESOLVED QUESTION

Authors:

Erkan ERDİL | Seyit CİLASUN | Ayşegül ERUYGUR

Publisher:

Hacettepe University

Main Topics:

Sociology and anthropology

Journal:

Hacettepe University Journal of Economics and Administrative Sciences 2013 Vol.31 Issue 1, pp.71-82

Document Type:

Article

Publication Date:

6/2013

Document Language:

English

Document ID (Org No.):

2000456032

Frequency:

Quarterly

eISSN:

1309-6338

pISSN:

1301-8752

DOI:

https://doi.org/10.17065/huniibf.103656

Abstract:

 


The aim of this study is to analyze the relationship between labor productivity and R&D expenditures. We have tested this relationship using a panel of 22 OECD countries that covers the period 1991-2003. ACobb-Douglas production function was estimated in growth form where physical capital, knowledge capital, human capital, and labor stock were included as the factors of production. The estimation results that also controlled for the effect of openness, and R&D spillovers implied a positive long-run R&D elasticity with respect to labor productivity growth. This result is robust to an alternative model where capital to labor ratio and labor variables are excluded. In this new model, the coefficient of the international trade variable included to account for openness was found to be positive.

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Article Details

DO R&D EXPENDITURES MATTER FOR LABOR PRODUCTIVITY IN OECD COUNTRIES? AN UNRESOLVED QUESTION

Authors: Erkan ERDİL | Seyit CİLASUN | Ayşegül ERUYGUR

Publisher: Hacettepe University

Main Topics: Sociology and anthropology

Journal: Hacettepe University Journal of Economics and Administrative Sciences 2013 Vol.31 Issue 1, pp.71-82

Document Type: Article

Publication Date: 6/2013

Document Language: English

Document ID (Org No.): 2000456032

Frequency: Quarterly

eISSN: 1309-6338

pISSN: 1301-8752

DOI: https://doi.org/10.17065/huniibf.103656

Issues

Authors:

Erkan ERDİL | Seyit CİLASUN | Ayşegül ERUYGUR

Publisher:

Hacettepe University

Main Topics:

Sociology and anthropology

Journal:

Hacettepe University Journal of Economics and Administrative Sciences 2013 Vol.31 Issue 1, pp.71-82

Document Type:

Article

Publication Date:

6/2013

Document Language:

English

Document ID (Org No.):

2000456032

Frequency:

Quarterly

eISSN:

1309-6338

pISSN:

1301-8752

DOI:

https://doi.org/10.17065/huniibf.103656