R&D, innovation, and growth: evidence from four manufacturing sectors in OECD countries

Abstract

This paper provides an empirical analysis of the relationship between R&D intensity, rate of innovation and growth rate of output in four manufacturing sectors from 17 OECD countries. The findings suggest that the knowledge stock is the main determinant of innovation in all four manufacturing sectors and that R&D intensity increases the rate of innovation in the chemicals, electrical and electronics, and drugs and medicine sectors. In addition, the rate of innovation has a positive effect on the growth rate of output in all sectors. These findings lend strong support to non-scale endogenous growth theories.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 127 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.