More documents from Maté-García, Jorge-Julio; Rodríguez-Fernández, José-Miguel
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Productivity and R&D : An econometric evidence from Spanish firm-level data
[journal article]
Maté-García, Jorge-Julio; Rodríguez-Fernández, José-Miguel
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Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-243175
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| Abstract | 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. |
| Keywords | productivity; Spain; research and development |
| Classification | National Economy; Economic Statistics, Econometrics, Business Informatics |
| Method | theory application |
| Free Keywords | Productivity; R&D expenditures; Firm panel data; Spanish manufacturing firms; Generelized methods of moments; GMM |
| Document language | English |
| Publication Year | 2008 |
| Page/Pages | p. 1827-1837 |
| Journal | Applied Economics, 40 (2008) 14 |
| DOI | http://dx.doi.org/10.1080/00036840600905217 |
| Status | Postprint; reviewed |
| Licence | PEER Licence Agreement (applicable only to documents from PEER project) |
| Document Type | journal article |
