University of Illinois Urbana-Champaign

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

Rhee, Chong Ook

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Description

Title
The Role of Heterogeneous Research and Development Funds in The Productivity of The u.s. Manufacturing Industry (United States)
Author(s)
Rhee, Chong Ook
Issue Date
1987
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, Commerce-Business
Abstract
  • 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.
  • The classification of heterogeneous R&D funds into basic research, applied research, and development is adopted to look at the impact of each on productivity. The model of firm's optimal behavior following such classification demonstrates that federally-funded basic research has a tremendous pulling-in impact on company-funded applied research and development, respectively.
  • Conclusively, my paper provides some evidences that in any presence of FRD's effect on IRD, the contribution of the former to productivity is no smaller than that of the latter and that federal-funding basic research serves as an impetus for fostering productivity, unlike U.K. and Japan.
Graduation Semester
1987
Type of Resource
text
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http://hdl.handle.net/2142/70788

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