Impact of R&D on productivity: Firm-level evidence from Finland

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ETLA Discussion Papers ; No. 1031

Classification and Topics

• Classification: Wirtschaft ; Business Taxes and Subsidies including sales and value-added (VAT) ; Management of Technological Innovation and R&D ; Technological Change: Government Policy
• Subject: R&D, research and development, dynamic, productivity, lag, long run ; Betriebliche Forschung ; Unternehmensentwicklung ; Produktivität ; Statistische Bestandsanalyse ; Finnland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ali-Yrkkö, Jyrki ; Maliranta, Mika
• Event: Veröffentlichung
• (who): The Research Institute of the Finnish Economy (ETLA)
• (where): Helsinki
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/63956
• Last update: 10.03.2025, 11:42 AM CET