Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/202175
Authors: 
Coad, Alexander
Vezzani, Antonio
Year of Publication: 
2017
Series/Report no.: 
JRC Working Papers on Corporate R&D and Innovation 06/2017
Abstract: 
Many industrialized countries in Europe and North America have experienced a steady decline in the manufacturing sector over the last few decades. Amid growing concerns that outsourcing and offshoring have destabilized European economies, policymakers have suggested that a large manufacturing sector can: i) boost R&D, ii) encourage exporting, and iii) raise productivity. We examine these claims. Non-parametric plots and regressions show a robust positive association between the manufacturing sector and Business R&D expenditures (BERD), while the relationship between manufacturing and exports or productivity is more elusive. Finally, we explore whether a manufacturing sector target of 20% of value-added will help reach a BERD target of 3% of GDP.
Subjects: 
Manufacturing sector
R&D
exporting
productivity
industrial policy
industrial renaissance
JEL: 
O3
O14
O47
Document Type: 
Working Paper
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