R&D and Non-Linear Productivity Growth of Heterogeneous Firms

Arbeitspapier

The present paper studies the relationship between R&D investment and firm productivity growth by explicitly accounting for non-linearities in the R&D-productivity relationship and inter-sectoral firm heterogeneity. In order to address these issues, we employ a two step estimation approach, and match two firm-level panel data sets for the OECD countries, which allows us to relax both the linearity and homogeneity assumptions of the canonical Griliches (1979) knowledge capital model. Our results suggest that: (i) R&D investment increases firm productivity with an average elasticity of 0.15; (ii) the impact of R&D investment on firm productivity is differential at different levels of R&D intensity – the productivity elasticity ranges from -0.02 for low levels of R&D intensity to 0.33 for high levels of R&D intensity; (iii) the relationship between R&D expenditures and productivity growth is non-linear, and only after a certain critical mass of R&D is reached, the productivity growth is significantly positive; (iv) there are important intersectoral differences with respect to R&D investment and firm productivity – high-tech sectors’ firms not only invest more in R&D, but also achieve more in terms of productivity gains connected with research activities.

Angaben zum Objekt

• ISBN: 978-92-79-28092-4
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IPTS Working Papers on Corporate R&D and Innovation ; No. 06/2012

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Semiparametric and Nonparametric Methods: General ; Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity ; Multinational Firms; International Business ; Management of Technological Innovation and R&D
• Thema: R&D investment ; firm productivity ; generalised propensity score

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kancs, d'Artis ; Siliverstovs, Boriss
• Ereignis: Veröffentlichung
• (wer): European Commission, Joint Research Centre (JRC)
• (wo): Seville
• (wann): 2012

Weitere Informationen

• DOI: doi:10.2791/41792
• Handle: http://hdl.handle.net/10419/202144
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ