Productivity and Research and Development in Two Canadian Forest Product Industries

$29.50 plus tax (Refund Policy)

Buy Article:

Abstract:

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

More about this publication?
  • Membership Information
  • ingentaconnect is not responsible for the content or availability of external websites
Related content

Tools

Favourites

Share Content

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more