R&D and productivity in Danish firms: some empirical evidence

Authors: Valdemar Smith; Mogens Dilling-Hansen; Tor Eriksson; Erik Strøjer Madsen

Source: Applied Economics, Volume 36, Number 16, September 10, 2004 , pp. 1797-1806(10)

Publisher: Routledge, part of the Taylor & Francis Group

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Abstract:

The aim of the paper is to examine the relationship between R&D capital and productivity using microdata for Danish manufacturing firms. The influence of factors such as ownership, innovative characteristics and source of funding accounted for. The return to accumulated R&D capital is estimated to be in the neighbourhood of 9-12%, whereas the short-run effect of R&D is insignificant. Furthermore, the direct influence from foreign ownership, source of funding accounted for, innovative characteristics and ownership dispersion on productivity are analysed. However, none of the factors seem to have an impact on firm productivity. The same is the case for the indirect influence coming from interaction with accumulated R&D capital.

Document Type: Research article

DOI: 10.1080/0003684042000227895

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