Measuring the Returns to R&D / Bronwyn H. Hall, Jacques Mairesse, Pierre Mohnen.

Format:

Book

Author/Creator:

Hall, Bronwyn H.

Contributor:

National Bureau of Economic Research.

Mairesse, Jacques.

Mohnen, Pierre.

Series:

Working Paper Series (National Bureau of Economic Research) no. w15622.

NBER working paper series no. w15622

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2009.

Summary:

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.

Notes:

Print version record

December 2009.