HKUST IEMS Thought Leadership Briefs No. 55
Technological change through research and development (R&D) fuels economic development and growth. Research shows that R&D spending boosts productivity, but knowledge gaps persist in the literature regarding the effects of distinct types of R&D and their interrelations. This Leadership Brief addresses these gaps, and assesses the respective contributions to productivity of both public R&D and private R&D spending with particular focus on three local East Asian economic success stories: Hong Kong, Shenzhen, and Singapore.
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