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| Author: | Cameron, G. Proudman, J. Redding, S. |
| Title: | Technological convergence, R&D, trade and productivity growth |
| Journal: | European Economic Review
2005 : APR, VOL. 49:3, p. 775-807 |
| Index terms: | International trade Growth Productivity Growth Technology R&D Industries United Kingdom |
| Language: | eng |
| Abstract: | This paper analyses productivity growth (henceforth as: p-g.) in a panel of 14 U.K. manufacturing industries since 1970. Innovation and technology transfer provide two potential sources of p-g. The paper examines the roles played by research and development (R&D), international trade, and human capital in stimulating each source of p-g. Technology transfer is statistically significant and quantitatively important. While R&D raises rates of innovation, international trade enhances the speed of technology transfer. Human capital primarily affects output through private rates of return rather than measured total factor productivity (TFP). |
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