Productivity, R&d, and Basic Research at the Firm Level in the 1970s / Zvi Griliches.

Format:

Book

Author/Creator:

Griliches, Zvi.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w1547.

NBER working paper series no. w1547

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1985.

Summary:

A new data set (the NSF-Census match) containing information on the R&D expenditures, sales, employment, and other detail for approximately 1,000 largest manufacturing firms in the U.S. during 1957-1977 is analyzed using a standard production function framework augmented by the addition of an R&D "capital" and "mix" variables (basic as a fraction of total and privately financed as a fraction of total). The results indicate that R&D continued to contribute to productivity growth in U.S. manufacturing also in the 1970's, with no significant decline in its effectiveness as com-pared to the 1960's; that the contribution of the basic research component of such expenditures was significantly higher than its nominal ratio would imply; and that while federally financed R&D expenditures did have a positive effect on measured productivity growth of these firms, this effect was significantly smaller than the comparable contribution of privately financed R&D expenditures.

Notes:

Print version record

1985.