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- W4313678629 abstract "We analyze the dynamic interaction of Japan’s total factor productivity (TFP), GDP, stocks of domestic and foreign private and public as well as mission-oriented R&D, called GBARD in OECD statistics, in a vector-error-correction model (VECM) for Japan with stock data for the period 1987–2016. Permanent policy changes show the following main results: (i) GBARD as well as private and public R&D each encourage growth rates of the other R&D stocks and of TFP and GDP, and (ii) all have high internal rates of return; (iii) Japan’s R&D policies affect and are affected by foreign R&D; in particular, Japan’s public R&D has a positive impact on European private R&D, whereas other OECD countries’ R&D has a negative one. Japan’s R&D policies should be supported by education policies enhancing especially the number of PhDs and IT personnel." @default.
- W4313678629 created "2023-01-08" @default.
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- W4313678629 date "2023-01-07" @default.
- W4313678629 modified "2023-10-16" @default.
- W4313678629 title "Mission-oriented R&D and growth of Japan 1988–2016: a comparison with private and public R&D" @default.
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- W4313678629 doi "https://doi.org/10.1080/10438599.2022.2164493" @default.
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