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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
Department / Program:Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(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.
Issue Date:1987
Description:161 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1987.
Other Identifier(s):(UMI)AAI8721741
Date Available in IDEALS:2014-12-16
Date Deposited:1987

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