Measuring the social rate of return to R&D in coal, petroleum and nuclear manufacturing: A study of the OECD countries
Dates
Year
2011
Citation
Corderi, David, and Cynthia Lin, C. Y., 2011, Measuring the social rate of return to R&D in coal, petroleum and nuclear manufacturing: A study of the OECD countries: Energy Policy, v. 39, iss. 5, p. 2780-2785.
Summary
This paper estimates the social rate of return to research and development (R&D) in the energy manufacturing industry. Our model tries to quantify the positive contribution that lagged R&D has on total factor productivity (TFP) growth in the manufacturing of coal, petroleum products and nuclear fuel for a number of OECD countries. Using a panel of data from the OECD STAN database we are able to obtain results suggesting that R&D has a positive and significant rate of return that varies for each country.
Summary
This paper estimates the social rate of return to research and development (R&D) in the energy manufacturing industry. Our model tries to quantify the positive contribution that lagged R&D has on total factor productivity (TFP) growth in the manufacturing of coal, petroleum products and nuclear fuel for a number of OECD countries. Using a panel of data from the OECD STAN database we are able to obtain results suggesting that R&D has a positive and significant rate of return that varies for each country.
