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ETLA Discussion Papers, Research Institute of the Finnish Economy >
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http://hdl.handle.net/10419/63956
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| Title: | | Impact of R&D on productivity: Firm-level evidence from Finland  |
| Authors: | | Ali-Yrkkö, Jyrki Maliranta, Mika |
| Issue Date: | | 2006 |
| Series/Report no.: | | ETLA Discussion Papers, The Research Institute of the Finnish Economy (ETLA) 1031 |
| Abstract: | | This study analyses how R&D expenditure impacts the productivity of companies. We analyse the productivity impact of R&D using a large panel dataset of Finnish firms over a nine‐year period from 1996 to 2004. Our results are two-fold. In the short run (in 1-2 years) we find no statistically significant productivity impact of R&D. However, R&D does have an economically and statistically significant impact when we take into account R&D efforts made 3‐5 years before. Hence, a window of almost 5 years is needed to capture the productivity impact of R&D. |
| Subjects: | | R&D, research and development, dynamic, productivity, lag, long run |
| JEL: | | H25 O32 O38 |
| Document Type: | | Working Paper |
| Appears in Collections: | | ETLA Discussion Papers, Research Institute of the Finnish Economy
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