Measuring the Returns to R&D

Hall, Bronwyn, Mairesse, Jacques and Mohnen, Pierre (2010). Measuring the Returns to R&D. UNU-MERIT.

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UNU-MERIT Working Papers

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  • Author Hall, Bronwyn
    Mairesse, Jacques
    Mohnen, Pierre
    Title Measuring the Returns to R&D
    Publication Date 2010
    Place of Publication Maastricht
    Publisher UNU-MERIT
    Pages 60
    Abstract We review the econometric literature on measuring the returns to R&D. The theoretical frameworks that have been used are outlined, followed by an extensive discussion of measurement and econometric issues that arise when estimating the models. We then provide a series of tables summarizing the major results that have been obtained and conclude with a presentation of R&D spillover returns measurement. In general, the private returns to R&D are strongly positive and somewhat higher than those for ordinary capital, while the social returns are even higher, although variable and imprecisely measured in many cases.
    Keyword Returns to research & development
    Innovation
    Social returns
    Spillovers
    JEL O30
    O37
    C23
    C81
    D24
    Copyright Holder UNU-MERIT
    Copyright Year 2010
    Copyright type Creative commons
    ISSN 18719872
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    Created: Wed, 11 Dec 2013, 17:23:11 JST