Logo - springer
Slogan - springer

Economics - R&D / Technology Policy | The Impacts of Research and Development Expenditures - The Relationship Between Total Factor Productivity

The Impacts of Research and Development Expenditures

The Relationship Between Total Factor Productivity and U.S. Gross Domestic Product Performance

Wetter, John J.

2011, XIX, 108 p.

Available Formats:
eBook
Information

Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.

You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.

After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.

 
$129.00

(net) price for USA

ISBN 978-1-4419-7530-0

digitally watermarked, no DRM

Included Format: PDF and EPUB

download immediately after purchase


learn more about Springer eBooks

add to marked items

Hardcover
Information

Hardcover version

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$169.00

(net) price for USA

ISBN 978-1-4419-7529-4

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

Softcover
Information

Softcover (also known as softback) version.

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$169.00

(net) price for USA

ISBN 978-1-4614-2743-8

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

  • Updates Solow’s theory of Total Factor Productivity to demonstrate the impact of R&D spending on GDP performance
  • Fills a gap in the literature on R&D, technology transfer, economic growth, and productivity
  • Considers such timely issues as the implications of the 2009 US stimulus program
The research underlying this volume was designed to test the theory of Total Factor Productivity (TFP) in contemporary context. Developed by Nobel Prize-winning economist, Robert Solow, in the 1950s, TFP has been applied by many economists to investigate the relationships among capital, labor, and economic performance. In this analysis, John Wetter presents the hypothesis that technological investment drives growth and performance of the U.S. economy. The study addresses four key questions: 1.Is there a relationship between Total Factor Productivity and Gross National Product? 2.Is there a relationship between Total Factor Productivity and Research & Development expenditures? 3.Is there a relationship between Research & Development expenditures and Gross Domestic Product? 4.Can the relationship in research question #1 be explained by other factors? Is there any potential non-spuriousness (mediation) implication to the relationship? Synthesizing the literature from related fields, including macroeconomics, technology transfer, and innovation, and applying rigorous methodology, Wetter demonstrates that Total Factor Productivity is positively related to Gross Domestic Product and is mediated by Research & Development. In addition, he reveals that the lag time between R&D spending and GDP growth averages eleven years, which suggests that long-term planning is essential to maximizing the benefits of R&D. Wetter considers the implications for policymaking and industry leadership, including such timely issues as the effects of the 2009 U.S. stimulus program.

Content Level » Research

Keywords » Competitiveness - Disruptive technology - Economic growth - Gross Domestic Product (GDP) - Innovation - Research and Development (R&D) - Technology policy - Technology transfer - Total Factor Productivity (TFP)

Related subjects » Economic Growth - Economic Policy - R&D / Technology Policy

Table of contents / Preface / Sample pages 

Popular Content within this publication 

 

Articles

Read this Book on Springerlink

Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of R & D / Technology Policy.