Using data for 12 manufacturing industries over the period 1980–2006, we perform for Italy and Spain a dynamic panel estimation of the long-run elasticity of total factor productivity (TFP) with respect to R&D capital. In spite of recording a level of R&D capital lower than Italian industries, the technology-based industries in Spain have experienced a similar or higher long-run impact on TFP. This is mainly attributable to what occurred from the mid-1990s onwards when, thanks to increasing R&D efforts, the Spanish industries have been able to catch up with respect to the Italian ones. These findings suggest that, also in countries classified as technology followers, R&D investment is a crucial condition for boosting manufacturing productivity.

R&D and Productivity in High-Tech Manufacturing: A Comparison between Italy and Spain / Sterlacchini, Alessandro; F., Venturini. - In: INDUSTRY AND INNOVATION. - ISSN 1366-2716. - STAMPA. - 21:5(2014), pp. 359-379. [10.1080/13662716.2014.959315]

R&D and Productivity in High-Tech Manufacturing: A Comparison between Italy and Spain

STERLACCHINI, ALESSANDRO;
2014-01-01

Abstract

Using data for 12 manufacturing industries over the period 1980–2006, we perform for Italy and Spain a dynamic panel estimation of the long-run elasticity of total factor productivity (TFP) with respect to R&D capital. In spite of recording a level of R&D capital lower than Italian industries, the technology-based industries in Spain have experienced a similar or higher long-run impact on TFP. This is mainly attributable to what occurred from the mid-1990s onwards when, thanks to increasing R&D efforts, the Spanish industries have been able to catch up with respect to the Italian ones. These findings suggest that, also in countries classified as technology followers, R&D investment is a crucial condition for boosting manufacturing productivity.
2014
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11566/199306
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