Date Published:
Jun 01, 1999
DP 1999-24

This paper estimates the rate of return in investment in three major sectors: primary sectors which include manufacturing, construction and utilities, industry sectors which include construction and utilities and service sectors which include transportation, trade and finance. The estimates are made utilizing the production function approach. The rate of return (ROR) to Research & Development (R&D) computed for these sectors are compared to the ROR to other investment such as physical capital including machineries, building and equipment. Results show that ROR of R&D for both primary and service sectors are higher than the ROR for other investments. However, when the inter-industry linkages are accounted for, the spillover effects are not significant. These cannot be generalized in the industry sector as spillover effects are practically zero.


This publication has been cited 2 times

In other Publications
  1. Cororaton, Caesar B.. 2003. Technological innovations in Japan and S&T experiences in the Philippines: Drawing policy lessons for the Philippines. Research Paper Series RPS 2002-04. Philippine Institute for Development Studies.
  2. Israel, Danilo C.. 2000. The milkfish broodstock-hatchery research and development program and industry: A policy study. Discussion Papers DP 2000-05. Philippine Institute for Development Studies.

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