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dc.contributor.authorOrtega-Argilés, Raquelen_US
dc.contributor.authorPiva, Mariacristinaen_US
dc.contributor.authorVivarelli, Marcoen_US
dc.date.accessioned2012-01-23en_US
dc.date.accessioned2012-02-07T10:50:20Z-
dc.date.available2012-02-07T10:50:20Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201110102304-
dc.identifier.urihttp://hdl.handle.net/10419/55128-
dc.description.abstractThe purpose of this study is to investigate the relationship between a firm's R&D expenditures considered as an investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large unique longitudinal database consisting of 1,809 US and European manufacturing and service firms over the period 1990-2008, for a total of 16,079 observations. Our main findings can be summarised as follows: knowledge stock has a significant positive impact on a firm's productivity, with an overall elasticity of about 0.10; this general result is largely consistent with findings presented in previous literature in terms of the sign, the significance and the estimated magnitude of the relevant coefficient. More interestingly, the coefficient turns out to be significantly larger in the service and high-tech sectors than in the non-high-tech manufacturing sectors. These outcomes suggest that firms in high-tech sectors are still ahead in terms of the impact on productivity of their R&D investments; moreover, a shift in favour of the service sectors seems to emerge.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5975en_US
dc.subject.jelO33en_US
dc.subject.jelL25en_US
dc.subject.ddc330en_US
dc.subject.keywordR&Den_US
dc.subject.keywordproductivityen_US
dc.subject.keywordknowledge stocken_US
dc.subject.keywordpanel dataen_US
dc.subject.stwIndustrielle Forschungen_US
dc.subject.stwDienstleistungssektoren_US
dc.subject.stwInvestitionen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwSchätzungen_US
dc.subject.stwUSAen_US
dc.subject.stwEuropaen_US
dc.titleProductivity gains from R&D investment: Are high-tech sectors still ahead?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn683959921en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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