RT Journal Article
T1 Does history matter for the relationship betweenR&D, Innovation and Productivity?
A1 Huergo Orejas, Elena
A1 Moreno Martín, María Lourdes
AB This paper analyzes the relationship between R&D expenditures, innovation and productivity growth, taking into account the possibility of persistence in firms’ behaviour. We study this relationship for a sample of Spanish manufacturing firms between 1990 and 2005, estimating a model with four equations: participation in technological activities, R&D intensity, the generation of innovations and the impact of these technological outputs on total factor productivity growth. Our results reflect the existence of true state dependence both in the decision of R&D investment and in the production of innovations. The omission of this persistence leads to an overestimation of the current impact of innovations on productivity growth. However, the presence of persistence in technological inputs and outputs entails current R&D activities having long–run effects on a firm’s productivity.
PB Oxford Academic
SN 0960-6491
YR 2011
FD 2011
LK https://hdl.handle.net/20.500.14352/42686
UL https://hdl.handle.net/20.500.14352/42686
LA eng
NO Ministerio de Ciencia e Innovación (MICINN)
DS Docta Complutense
RD 7 abr 2025