The Machine Tool Industry in Italy: Industrial Innovations and Performances

Fabio Campanini (), Serena Costa and Paolo Rizzi ()
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Paolo Rizzi: DISCE, Università Cattolica

No dises1391, DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali from Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE)

Abstract: The machine tool industry has a leading role in the Italian manufacturing system, above all in Northern Italy. This industrial branch is a strategic intermediate point in many manufacture dies, with an average innovation intensity higher than that of many other industrial branches. This work investigates if and in which way the innovation and the R&D processes carried out in the sector firms affect their productivity. We built a significant sample, which answered a questionnaire based on the CIS (Community Innovation Survey). Also a regional geographic dimension is used, to test the presence of specific local effects. Results show a positive and strong contribution from human capital to productivity, while, in the short term, physical capital have a negative impact, a result probably influenced by the economic crisis.

Keywords: Innovation; Machine tool industry; Firm productivity; Regions. (search for similar items in EconPapers)
JEL-codes: L1 L64 O3 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2013-05
New Economics Papers: this item is included in nep-cse, nep-eff, nep-hme, nep-ino, nep-knm and nep-sbm
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Published in Review of Economics, Month aaaa, pages nn1-nn2

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