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%T Productivity and R&D: An econometric evidence from Spanish firm-level data
%A Maté-García, Jorge-Julio
%A Rodríguez-Fernández, José-Miguel
%J Applied Economics
%N 14
%P 1827-1837
%V 40
%D 2008
%K Productivity; R&D expenditures; Firm panel data; Spanish manufacturing firms; Generelized methods of moments; GMM
%= 2011-04-08T12:38:00Z
%~ http://www.peerproject.eu/
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-243175
%X 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.
%C GBR
%G en
%9 journal article
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info