English, Article, Journal or magazine article edition: Boosting Manufacturing Productivity Through R&D: International Comparisons with Special Focus on Italy Alessandro STERLACCHINI; Francesco VENTURINI

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Bookmark: http://trove.nla.gov.au/version/18682
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Boosting Manufacturing Productivity Through R&​D: International Comparisons with Special Focus on Italy
Author
  • Alessandro STERLACCHINI
  • Francesco VENTURINI
Physical Description
  • preprint
Notes
  • Using data for twelve manufacturing industries of five developed countries over the period 1980-2002, we perform a dynamic panel estimation - based on a ECM model - of the long-run elasticity of TFP with respect to the stock of R&​D capital. The highest elasticity is found for the US (0.51) while lower values arise for Germany (0.29), France (0.23) and Spain (0.22); the latter, in turn, are higher than that estimated for Italy (0.14). The unsatisfactory performance of Italian manufacturing industries is confirmed by further analyses in which a better measurement of TFP is provided and the time period extended. The above findings and their policy implications are discussed firstly in the light of the US-EU divide in terms of R&​D-induced productivity growth and, subsequently, by focussing on the Italian case.
  • R&​D capital stock, manufacturing industries, productivity growth
  • RePEc:anc:wpaper:306
Language
  • English
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