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Vasilakos, Nicholas 
ORCID: https://orcid.org/0000-0003-3279-2885 and Zubanov, N
(2009)
Income Convergence and R&D Intensity in OECD Manufacturing Industries: A Panel Study.
Abstract
This paper evaluates the impact of R&D investment on income convergence for a cross section of manufacturing industries in 12 OECD countries over the time period 1987-1999. We apply dynamic panel estimation techniques to obtain a speed of convergence which, when conditioned to R&D expenditure, is significantly greater than the conventional 2%. In particular, the inclusion of the R&D variable results to a speed of convergence of 7-9% per year, suggesting that convergence is faster between equally technologically advanced industries. A further implication from our results is that differences in the industry mix can be important in explaining the speed of income convergence between countries.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | sdg 9 - industry, innovation, and infrastructure ,/dk/atira/pure/sustainabledevelopmentgoals/industry_innovation_and_infrastructure |
| Faculty \ School: | Faculty of Social Sciences > Norwich Business School |
| UEA Research Groups: | Faculty of Social Sciences > Research Groups > Responsible Business Regulation Group Faculty of Social Sciences > Research Centres > Centre for Competition Policy University of East Anglia Schools > Faculty of Science > Tyndall Centre for Climate Change Research Faculty of Science > Research Centres > Tyndall Centre for Climate Change Research |
| Related URLs: | |
| Depositing User: | LivePure Connector |
| Date Deposited: | 24 Jun 2019 14:30 |
| Last Modified: | 20 Jun 2023 15:08 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/71533 |
| DOI: |
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