Autore
Coccia, Mario

Titolo
How should be the levels of public and private R&D investments to trigger modern productivity growth?Empirical evidence and lessons learned for Italian economy
Periodico
CERIS-CNR. Working Paper
Anno: 2008 - Fascicolo: 5 - Pagina iniziale: 1 - Pagina finale: 27

Governments in modern economies devote much policy attention to enhancing productivity and continue to emphasize its drivers such as investment in R&D. This paper analyzes the relationship between productivity growth and levels of public and private R&D expenditures. The economic analysis shows that the magnitude of R&D expenditure by business enterprise equal to 1.58% (% of GDP) and R&D expenditure of government and higher education of 1.06 (% of GDP) maximize the long-run impact on productivity growth. These optimal rates are the key to sustain productivity and technology improve-ments that are more and more necessary to modern economic growth.



Testo completo: http://www.ceris.cnr.it/ceris/workingpaper/2008/WP_5_08_COCCIA.pdf

Esportazione dati in Refworks (solo per utenti abilitati)