Mission-oriented R&D and growth of Japan 1988–2016: a comparison with private and public R&D
| Autor: | Thomas Ziesemer |
|---|---|
| Přispěvatelé: | Macro, International & Labour Economics, RS: GSBE MORSE |
| Rok vydání: | 2023 |
| Předmět: |
DYNAMICS
productivity cointegration R&D INNOVATION growth MODELS Aggregate Productivity SUBSIDIES LONG-RUN RETURNS Economic Growth of Open Economies o53 - Economywide Country Studies: Asia including Middle East cointegrated vector-auto-regression model (VECM) Measurement of Economic Growth Cross-Country Output Convergence Management of Technology and Innovation DEVELOPMENT SPILLOVERS Economywide Country Studies: Asia including Middle East f43 - Economic Growth of Open Economies International Linkages to Development Role of International Organizations General Economics Econometrics and Finance |
| Zdroj: | Economics of Innovation and New Technology. Routledge/Taylor & Francis Group |
| ISSN: | 1476-8364 1043-8599 |
| DOI: | 10.1080/10438599.2022.2164493 |
| Popis: | We analyze the dynamic interaction of Japan's total factor productivity (TFP), GDP, stocks of domestic and foreign private and public as well as mission-oriented R&D, called GBARD in OECD statistics, in a vector-error-correction model (VECM) for Japan with stock data for the period 1987-2016. Permanent policy changes show the following main results: (i) GBARD as well as private and public R&D each encourage growth rates of the other R&D stocks and of TFP and GDP, and (ii) all have high internal rates of return; (iii) Japan's R&D policies affect and are affected by foreign R & D; in particular, Japan's public R&D has a positive impact on European private R&D, whereas other OECD countries' R&D has a negative one. Japan's R&D policies should be supported by education policies enhancing especially the number of PhDs and IT personnel. |
| Databáze: | OpenAIRE |
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