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The Structure and Economic Impact of R&D Organisation in New Zealand AgEcon
Johnson, Robin.
R&D spending in New Zealand is a mixture of private and public investment undertaken to improve productive activity and efficiency. Investment is split fairly equally between private business, government organisations and the universities. It is a long term investment with some uncertainty about outcomes being achieved. It is predominantly a public good investment as most government organisations and universities are providers of R&D but not users of it and hence there is a discontinuity in the connection between investment and results. Furthurmore, the supply of R&D has properties of a free good which lead to users looking for new applications on a wider and wider front (spillovers). For these reasons R&D is generally regarded as a `good...
Tipo: Conference Paper or Presentation Palavras-chave: Investment; R&D Expenditure; Social Benefits; Community/Rural/Urban Development; Environmental Economics and Policy; Research and Development/Tech Change/Emerging Technologies; Risk and Uncertainty.
Ano: 2005 URL: http://purl.umn.edu/98521
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