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Title:Impact of R&D on productivity: Firm-level evidence from Finland PDF Logo
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 (ETLA)

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