Productivity growth and R&D spillovers in Japanese manufacturing industry

Abstract

This paper estimates the contribution of R&D spillovers to productivity growth Japanese manufacturing industry by estimating two alternative measures of productivity growth and two different types of R&D spillovers. The results suggest that TFP growth is affected neither by rent R&D spillovers nor by knowledge R&D spillovers. However, knowledge R&D spillovers were found to have an effect on technical change.total factor productivity, technical change, rent R&D spillover, knowledge R&D spillover, Japan