Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in … productivity growth. …

The two aspects of research and development (R&D) involving the stimulation of innovation and the facilitation of …-1990. An empirical framework is used in which innovation and technology transfer provide two potential sources of productivity … productivity sector catch up quickly if they invest heavily in R&D. Findings provide evidence of R&D effects on both the rates of …

Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R … important in this catch up process as well as stimulating innovation directly. Trade, by contrast, plays a more modest role in … productivity growth …

This paper is based on recent developments in the theory of innovation-driven growth that emphasize both the importance … of R&D efforts - domestic as well as foreign - for explaining national productivity, and the complementarity between R … of human capital are shown to affect productivity growth and there is evidence of interaction with the catch-up process …