The Role of Heterogeneous Research and Development Funds in The Productivity of The u.s. Manufacturing Industry (United States)

The purpose of this paper is to investigate, in the framework of firm's optimal behavior, the effect of company-funded and federally-funded R&D on productivity in selected U.S. industries. Especially, the role of federal funding R&D in productivity through direct as well as indirect mechanisms is analyzed. Using different model specification, two types of R&D--federal and company, and data of industry level, no support can be found for the blanket statement that federally-funded R&D (FRD) crowds out or pulls in company-funding R&D in productivity growth. Whether crowding-out or pulling-in is shown in my paper to be industry-specific as well as based on FRD's time dimension. Hence the lag effect of heterogeneous R&D funds on productivity is emphasized in this paper.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2014

Author dc:creator

• Rhee, Chong Ook

• Economics, Commerce-Business

Identifier

(UMI)AAI8721741

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/70788