R&D and Productivity: The Econometric Evidence

R&D and Productivity: The Econometric Evidence

by Zvi Griliches
     
 

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Zvi Griliches, a world-renowned pioneer in the field of productivity growth, has compiled in a single volume his pathbreaking research on R&D and productivity. Griliches addresses the relationship between research and development (R&D) and productivity, one of the most complex yet vital issues in today's business world. Using econometric techniques, he establishes

Overview

Zvi Griliches, a world-renowned pioneer in the field of productivity growth, has compiled in a single volume his pathbreaking research on R&D and productivity. Griliches addresses the relationship between research and development (R&D) and productivity, one of the most complex yet vital issues in today's business world. Using econometric techniques, he establishes this connection and measures its magnitude for firm-, industry-, and economy-level data.

Griliches began his studies of productivity growth during the 1950s, adding a variable of "knowledge stock" to traditional production function models, and his work has served as the point of departure for much of the research into R&D and productivity. This collection of essays documents both Griliches's distinguished career as well as the history of this line of thought.

As inputs into production increasingly taking the form of "intellectual capital" and new technologies that are not as easily measured as traditional labor and capital, the methods Griliches has refined and applied to R&D become crucial to understanding today's economy.

Product Details

ISBN-13:
9780226308906
Publisher:
University of Chicago Press
Publication date:
12/01/2007
Series:
National Bureau of Economic Research Monograph
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
400
File size:
6 MB

Meet the Author

Zvi Griliches is the Paul M. Warburg Professor of Economics at Harvard University and director of the Productivity and Technical Change program at the National Bureau of Economic Research. He is past president of the Econometric Society and of the American Economic Association and a member of the National Academy of Sciences.

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