scholarly journals Moving on from New Zealand’s productivity paradox

2018 ◽  
Vol 14 (3) ◽  
Author(s):  
Patrick Nolan ◽  
Huon Fraser ◽  
Paul Conway

For many years New Zealand’s productivity performance has been disappointing. The authors outline recent progress in understanding what could be driving this performance. They draw on Statistics New Zealand industry-level data, before summarising insights from firm-level research using linked data sets (the Longitudinal Business Database (LBD)). They conclude with a high-level summary of directions of reform that could help improve New Zealand’s productivity performance.

2016 ◽  
Vol 8 (2) ◽  
pp. 51 ◽  
Author(s):  
Yixiao Zhou

<p>Existing country-level and firm-level studies have shed light on the mechanisms driving the globalization of R&amp;D investment by multinational enterprises. However, there is a lack of industry-level evidence on this issue, which is much needed for the robustness of the theoretical and conceptual framework developed from country- and firm-level studies. Therefore, this study examines the determinants of overseas R&amp;D investment by multinational enterprises from a single country, the United States, using an industry-level panel dataset. This study covers U.S. multinational enterprises in seven two-digit-level North American Industry Classification System (NAICS) manufacturing industries in twenty-three countries over the period 1999-2008.</p>The empirical findings suggest that technology-seeking motive, technology-adaptation motive, and access to an abundant pool of researchers exert positive impact on the R&amp;D intensity of U.S.-based multinational enterprises in a host country. The roles of investment position, institutional quality and distance are not found to be robust. These findings are largely consistent with the current theoretical understanding on R&amp;D globalization by multinational enterprises. The findings point to the need for policies that strengthen domestic R&amp;D stock, enhance human capital endowment and support a domestic market that is open to the world in order to attract overseas R&amp;D investment by multinational enterprises.


2019 ◽  
Vol 28 (6) ◽  
pp. 1497-1513 ◽  
Author(s):  
Gaétan de Rassenfosse ◽  
Russell Thomson

Abstract Offshoring research and development (R&D) commonly invokes concerns regarding the loss of high value jobs and a hollowing out of technological capabilities, but it can also benefit domestic firms by enabling them to tap into the global technological frontier. We study the effect of R&D offshoring on industrial productivity in the home country using industry-level data for 18 OECD countries over a 26-year period. Simultaneity between productivity and R&D offshoring is addressed by using foreign tax policy as an instrument for offshored R&D. We show that R&D offshoring contributes positively to productivity in the home country, irrespective of the host country destination.


2017 ◽  
Vol 44 (4) ◽  
pp. 558-575 ◽  
Author(s):  
Andrew T. Young ◽  
Hernando Zuleta

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