Measuring Total Factor Productivity, Technical Change and the Rate of Returns to Research and Development

This paper examines the relationship between research and development expenditures and total factor productivity using establishment level (or micro) data. The confidential data are taken from the U.S. Bureau of the Census Annual Survey of Manufacturers and other Census surveys. Several measures of...

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Bibliographic Details
Published in:Journal of productivity analysis 1992-02, Vol.2 (4), p.269-282
Main Authors: NGUYEN, SANG V., KOKKELENBERG, EDWARD C.
Format: Article
Language:English
Subjects:
Capital goods
Cost functions
Glass industry
Industrial productivity
Industrial research
Investment return rates
Productivity
Productivity growth
Proxy reporting
Research and development
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Summary:This paper examines the relationship between research and development expenditures and total factor productivity using establishment level (or micro) data. The confidential data are taken from the U.S. Bureau of the Census Annual Survey of Manufacturers and other Census surveys. Several measures of total factor productivity are considered as are several variables that proxy for technical knowledge. The latter include research and development expenditures by the firm, the accumulated research expenditures of the industry, and new equipment purchases. We find that there is a statistically significant relationship among above measures of technical expertise and a broad measure of total factor productivity.
ISSN:0895-562X
1573-0441
DOI:10.1007/BF00156470