RT Report T1 R versus D: Estimating the differentiated effect of research and development on innovation results A1 Barge Gil, Andrés A1 López Sebastián, Alberto AB R&D is considered to be the main source of innovation. We argue that R&D is too broad a measure, including activities differing in purposes, culture, people, management and other features. However, empirical studies have not analyzed them separately, mainly due to the lack of data. Using firm-level data, the aim of this paper is to estimate the differentiated effect of research and development on different innovation outputs. Results show that both research and development activities are important. However, we find that development activities are more important for product innovation, while the effect of research activities is higher on process innovation. Moreover, we analyze differences by technological intensity of the sector. When analyzing product and process innovations, we find evidence supporting the existence of higher payoffs to development and, especially to research in low-tech sectors when compared with high-tech ones. YR 2011 FD 2011-03 LK https://hdl.handle.net/20.500.14352/49234 UL https://hdl.handle.net/20.500.14352/49234 LA eng NO Publicado también como artículo: Barge-Gil,Andrés y and López, Alberto (2015) R versus D: estimating the differentiated effect of research and development on innovation results. Industrial and Corporate Change, 24, (1). pp. 93–129. ISSN 1464-3650.https://doi.org/10.1093/icc/dtu002 NO Ministerio de Ciencia e Innovación (MICINN) NO Fundación Ramón Areces DS Docta Complutense RD 4 abr 2025