Impacts of academic R&D on high-tech manufacturing products: tentative evidence from supercomputer data.

UNIVERSITY research; HIGH technology industries; BUSINESS expansion; SUPERCOMPUTERS; ORGANISATION for Economic Co-operation & Development; HIGHER education

This paper empirically examines the impact of academic research on high-tech manufacturing growth of 28 Organisation for Economic Co-operation and Development (OECD) and emerging countries over the 1991-2005 period. A standard research and development (R&D) expenditure based measure is found to be too general to capture the input in high-tech research. To overcome this problem, a novel proxy for high-tech research investment - the supercomputer capacity - is proposed. Empirical evidence strongly supports this choice of variable. It is also found that academic R&D exerts a larger growth effect on hightech output than its industry and government counterparts, but only the impact differential between academic and government R&D is statistically significant. [ABSTRACT FROM AUTHOR]

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