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来源类型Working Paper
规范类型报告
DOI10.3386/w3625
来源IDWorking Paper 3625
Product Demand, Cost of Production, Spillovers, and the Social Rate of Return to R&D
Jeffrey I. Bernstein; M. Ishaq Nadiri
发表日期1991-02-01
出版年1991
语种英语
摘要The purpose of this paper is to develop and estimate a model of production with endogenous technological change. Technological change arises from R&D capital accumulation decisions. These decisions respond to market and government incentives and generate R&D capital spillovers. A spillover network of senders and receivers is estimated. The network shows that each receiving industry is affected by a distinct set of R&D sources and each sending industry affects a unique set of receivers. For the receivers, spillovers generally expand product markets, lower product prices, increase production costs and input demands. For the sources, significant R&D spillovers cause the social rates of return to R&D capital to be substantially above the private returns.
主题Industrial Organization ; Econometrics
URLhttps://www.nber.org/papers/w3625
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/560932
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Jeffrey I. Bernstein,M. Ishaq Nadiri. Product Demand, Cost of Production, Spillovers, and the Social Rate of Return to R&D. 1991.
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