콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology General
Industry and Technology Manufacturing

Print

R&D, production structure and productivity growth : A comparison of the US, Japanese and Korean manufacturing sectors

Related Document
Frame of Image
  • R&D, production structure and productivity growth
  • Nadiri, M. Ishaq; Kim, Seongjun
  • National Bureau of Economic Research


link
Title R&D, production structure and productivity growth
Similar Titles
Sub Title

A comparison of the US, Japanese and Korean manufacturing sectors

Material Type Reports
Author(English)

Nadiri, M. Ishaq; Kim, Seongjun

Publisher

Cambridge:National Bureau of Economic Research

Date 1996-03
Series Title; No NBER Working Paper Series / 5506
Pages 40
Subject Country United States(Americas)
Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Industry and Technology < General
Industry and Technology < Manufacturing
Holding National Bureau of Economic Research

Abstract

We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as quasi-fixed subject to adjustment costs. The paper provides estimates for markups, returns to scale, rates of return on physical and R&D capital, and technical change. The paper also identifies the sources of the growth of output, labor productivity, and total factor productivity. The results show that resource accumulation, not technical change, is the key factor in rapid output growth, and that the R&D capital and technical change have been major contributors of the TFP growth in the US and Japanese manufacturing but not in the Korean manufacturing sector.