Productivity effects of basic research in low-tech and high-tech industries

Arbeitspapier

R&D encompasses plenty of activities which are usually summarized under the terms of basic research, applied research and development. Although basic research is often associated with low appropriability it provides the fundamental basis for subsequent applied research and development. Especially in the high-tech sector basic research capabilities are an essential component for a firm's success. We use firm-level panel data stemming from Belgian R&D surveys and apply a production function approach which shows that basic research exhibits a premium on a firm's output when compared to applied research and development. When we split the sample into high-tech and low-tech companies, we find a large premium of basic research for firms in high-tech industries, but no premium in low-tech sectors.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ZEW Discussion Papers ; No. 12-027

Classification and Topics

• Classification: Wirtschaft ; Organization of Production ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Technological Change: Choices and Consequences; Diffusion Processes
• Subject: Basic Research ; R&D ; Production Function Estimation ; Grundlagenforschung ; Industrielle Forschung ; Produktivität ; Produktionsfunktion ; Schätzung ; Belgien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Czarnitzki, Dirk ; Thorwarth, Susanne
• Event: Veröffentlichung
• (who): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (where): Mannheim
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/57836
• URN: urn:nbn:de:bsz:180-madoc-322436
• Last update: 10.03.2025, 11:41 AM CET