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Title: The impact of R and D on the singapore economy: An empirical evaluation
Authors: Ho, Y.P. 
Wong, P.K. 
Toh, M.H. 
Keywords: Economic growth
R&D expenditure
Total factor productivity
Issue Date: 2009
Citation: Ho, Y.P.,Wong, P.K.,Toh, M.H. (2009). The impact of R and D on the singapore economy: An empirical evaluation. Singapore Economic Review 54 (1) : 1-20. ScholarBank@NUS Repository.
Abstract: This paper provides empirical estimates for the impact of R&D on economic growth in Singapore. The Cobb-Douglas based analysis found that R&D investment had a significant impact on total factor productivity performance in the last 20 years and established a long-term equilibrium relationship between R&D investments and TFP. However, compared to OECD countries, the impact of R&D on growth in Singapore is not as strong. To catch up with the developed nations in terms of R&D productivity not only requires increasing R&D intensity in Singapore but also more efficient exploitation of domestic R&D activity. © 2009 World Scientific Publishing Company.
Source Title: Singapore Economic Review
ISSN: 02175908
DOI: 10.1142/S0217590809003239
Appears in Collections:Staff Publications

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