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SOCIAL RATE OF RETURN TO R AND D (1) answer(s).
 
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Measuring the social rate of return to R&D in coal, petroleum a: a study of the OECD countries / Corderi, David; Lin, C Y Cynthia   Journal Article
Corderi, David Journal Article
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Publication 2011.
Summary/Abstract This paper estimates the social rate of return to research and development (R&D) in the energy manufacturing industry. Our model tries to quantify the positive contribution that lagged R&D has on total factor productivity (TFP) growth in the manufacturing of coal, petroleum products and nuclear fuel for a number of OECD countries. Using a panel of data from the OECD STAN database we are able to obtain results suggesting that R&D has a positive and significant rate of return that varies for each country.
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