Higher Education R&D and Productivity Growth: An Empirical Study on High-Income OECD Countries

Y

16

Foreign Countries; Advantaged; Developed Nations; Research and Development; Higher Education; Context Effect; Productivity; Research; Hypothesis Testing; Government School Relationship; Outcomes of Education; Data Collection

Belgium; Canada; Denmark; Finland; France; Germany; Greece; Iceland; Ireland; Italy; Japan; Netherlands; Norway; Portugal; Spain; United Kingdom; United States

10.1080/09645291003726855

0964-5292

This paper is a macro study on higher education R&D and its impact on productivity growth. I measure the social rate of return on higher education R&D in 17 high-income OECD countries using country level data on the percentage of gross expenditure on R&D performed by higher education, business, and government sectors over the period 1981-2006. Empirical results suggest that lagged R&D performed by higher education is positively affecting productivity growth in all specifications. The long-run propensity of productivity growth to R&D performed by the higher education sector is also found to be positive and significant while it is found be insignificant to business R&D. (Contains 13 notes, 3 figures and 8 tables.)

As Provided

45

2012

EJ949833