Using data for twelve manufacturing industries of five developed countries over the period 1980-2002, we perform a dynamic panel estimation of the long-run elasticity of TFP with respect to R&D capital. The highest elasticity is found for the US (0.39), followed by Germany (0.29-32); intermediate values are achieved by France (0.19-0.21) and Spain (0.19), while Italy records the lowest R&D impact (0.08-0.12). The latter finding, supported by an in depth analysis based on a longer time-span and more accurate data, can be ascribed to the declining R&D efforts undertaken, during the Nineties, by Italian manufacturing industries.
Boosting Manufacturing Productivity through R&D: International Comparisons with Special Focus on Italy / Sterlacchini, Alessandro; Venturini, F.. - In: JOURNAL OF INDUSTRY, COMPETITION & TRADE. - ISSN 1566-1679. - STAMPA. - 13:2(2013), pp. 187-208. [10.1007/s10842-011-0114-5]
Boosting Manufacturing Productivity through R&D: International Comparisons with Special Focus on Italy
STERLACCHINI, ALESSANDRO;
2013-01-01
Abstract
Using data for twelve manufacturing industries of five developed countries over the period 1980-2002, we perform a dynamic panel estimation of the long-run elasticity of TFP with respect to R&D capital. The highest elasticity is found for the US (0.39), followed by Germany (0.29-32); intermediate values are achieved by France (0.19-0.21) and Spain (0.19), while Italy records the lowest R&D impact (0.08-0.12). The latter finding, supported by an in depth analysis based on a longer time-span and more accurate data, can be ascribed to the declining R&D efforts undertaken, during the Nineties, by Italian manufacturing industries.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
