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| Tekijä: | Buxton, T. Kennally, G. |
| Otsikko: | Economic policy, the new economy and the social rate of return to R&D in UK manufacturing |
| Lehti: | Economics of innovation and new technology
2004 : OCT, VOL. 13:7, p. 655-670 |
| Asiasana: | New economy Policy Innovation R&D Manufacturing United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | This article focuses on the question of whether public policy changes and/or the new economy have influenced the social returns (henceforths as: s-ret./s-rets.) to R&D expenditure in U.K. manufacturing. The basic methodology is reasonably straightforward, to estimate a production function in which, in addition to labour and fixed capital, R&D appears separately in a form directly enabling estimates of the s-ret. to investment in knowledge and how it has changed over time. The results suggest that neither changes in government R&D policy nor the new economy have raised s-rets. to R&D. |
SCIMA