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Interindustry R&D Spillovers, Rates Of Return, and Production In High-Tech Industries / Jeffrey I. Bernstein, M. Ishaq Nadiri.
- Format:
- Book
- Author/Creator:
- Bernstein, Jeffrey I.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2554.
- NBER working paper series no. w2554
- Language:
- English
- Subjects (All):
- Econometric models.
- Econometrics.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1988.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1988.
- Summary:
- This paper presents estimates of the productivity and factor bias effects of interindustry R&D spillovers for five high-tech industries. Each industry is distinguished as a separate spillover source. The industries are each affected by R&D spillovers and are themselves spillover sources. Thus a spillover network between the industries is estimated. Private and social rates of return to R&D capital are calculated. The private rates of return are generally greater than the returns to physical capital. In addition, the social rates of return are greater than the private rates. The results show that there are significant differences between industries as to their importance as sources of R&D spillovers.
- Notes:
- Print version record
- April 1988.
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