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;
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.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11566/101462
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