Productivity and R&D: An econometric evidence from Spanish firm-level data

Journal article | Zeitschriftenartikel

This paper analyses the relationship between productivity growth and R&D investments of Spanish manufacturing firms during the 1990s. The theoretical model is a version of the Cobb-Douglas production function in its growth rate form. The purpose is to estimate the rate of return to R&D expenditures. The econometric specification is a distributed lag model. The estimation applies the GMM method. The main empirical finding is that a positive and significant role is played by R&D expenditures on productivity growth. The rate of return to R&D expenditures is 26.598 per cent.

Object Details

• Extent: Seite(n): 1827-1837
• Language: Englisch
• Notes: Status: Postprint; begutachtet (peer reviewed)

References and Relationships

• Bibliographic citation: Applied Economics, 40(14)

Classification and Topics

• Subject: Wirtschaft ; Wirtschaftsstatistik, Ökonometrie, Wirtschaftsinformatik ; Volkswirtschaftstheorie ; Spanien ; Forschung und Entwicklung ; Produktivität ; Theorieanwendung

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Maté-García, Jorge-Julio ; Rodríguez-Fernández, José-Miguel
• Event: Veröffentlichung
• (where): Vereinigtes Königreich
• (when): 2008

Further information

• DOI: https://doi.org/10.1080/00036840600905217
• URN: urn:nbn:de:0168-ssoar-243175
• Rights: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Last update: 21.06.2024, 4:26 PM CEST