Measuring the returns to R&D
By: Bronwyn H. Hall, Jacques Mairesse, Pierre Mohnen.
Contributors: Mairesse, Jacques.; Mohnen, Pierre.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 15622; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15622.
Publisher: National Bureau of Economic Research
Published: 2009
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "We review the econometric literature on measuring the returns to R&D.  The theoretical frameworks that have been used are outlined, followed by an extensive discussion of measurement and econometric issues that arise when estimating the models.  We then provide a series of tables summarizing the major results that have been obtained and conclude with a presentation of R&D spillover returns measurement.  In general, the private returns to R&D are strongly positive and somewhat higher than those for ordinary capital, while the social returns are even higher, although variable and imprecisely measured in many cases"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 1/5/2010.

Includes bibliographical references.

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Mode of access: World Wide Web.