Skip to main content

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

Buy Article:

$55.00 plus tax (Refund Policy)

Abstract:

This article 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 generalized method of moments 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%.

Document Type: Research Article

DOI: https://doi.org/10.1080/00036840600905217

Affiliations: Faculty of Economics and Business Administration, University of Valladolid, Valladolid, Spain

Publication date: 2008-07-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more