English, Article, Journal or magazine article edition: Is Corporate R&D Investment in High-Tech Sectors More Effective? Some Guidelines for European Research Policy Ortega-Argilés, Raquel; Piva, Mariacristina; Potters, Lesley; ...

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/211715
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Is Corporate R&​D Investment in High-Tech Sectors More Effective? Some Guidelines for European Research Policy
Author
  • Ortega-Argilés, Raquel
  • Piva, Mariacristina
  • Potters, Lesley
  • Vivarelli, Marco
Physical Description
  • preprint
Notes
  • This paper discusses the link between R&​D and productivity across the European industrial and service sectors. The empirical analysis is based on both the European sectoral OECD data and on a unique micro longitudinal database consisting of 532 top European R&​D investors. The main conclusions are as follows. First, the R&​D stock has a significant positive impact on labour productivity; this general result is largely consistent with previous literature in terms of the sign, the significance and the magnitude of the estimated coefficients. More interestingly, both at sectoral and firm levels the R&​D coefficient increases monotonically (both in significance and magnitude) when we move from the low-tech to the medium and high-tech sectors. This outcome means that corporate R&​D investment is more effective in the high-tech sectors and this may need to be taken into account when designing policy instruments (subsidies, fiscal incentives, etc.) in support of private R&​D. However, R&​D investment is not the sole source of productivity gains; technological change embodied in gross investment is of comparable importance on aggregate and is the main determinant of productivity increase in the low-tech sectors. Hence, an economic policy aiming to increase productivity in the low-tech sectors should support overall capital formation.
  • high-tech sectors, productivity, R&​D, innovation, industrial policy
  • RePEc:iza:izadps:dp3945
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment