Productivity and Research and Development in Two Canadian Forest Product Industries

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This paper examines the role of research and development (R&D) in two important sectors of the Canadian economy, its pulp and paper and wood industries. A cost of adjustment model with two quasifixed inputs (capital and R&D) and three variable inputs (labor, materials, and wood) is used to estimate the technology, the rate of return on R&D, and its contribution to total factor productivity growth in these two industries. The sample is from 1963 to 1988. R&D is found to earn a net real after-tax annual rate of return of 1.6% in the pulp and paper industry and of 7.8% in the wood industry. The contribution of R&D to total factor productivity growth is minimal. Scale remains the main determinant of total factor productivity growth. For. Sci. 42(4):487-497.

Keywords: Total factor productivity growth; costs of adjustment; scale economies

Document Type: Journal Article

Affiliations: M.A. Student at the Université du Québec à Montréal

Publication date: November 1, 1996

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