The Impact of R&D Investment on Productivity--New Evidence Using Linked R&D-LRD Data

Frank Lichtenberg () and Donald S. Siegel ()

Economic Inquiry, 1991, vol. 29, issue 2, pages 203-29

Abstract: This paper uses confidential Census longitudinal microdata to examine the association between R&D and productivity for the period 1972-85. These data allow for significant improvements in measurement and model specification, yielding more precise estimates of the returns to R&D. The authors' results confirm the findings of existing studies: (1) positive returns to R&D investment; (2) higher returns to company-financed research; and (3) a productivity "premium" on basic research. These results are robust to adjustments for "influential outliers." Also, the authors' evidence suggests that the return to company-financed R&D is an increasing function of firm size. Copyright 1991 by Oxford University Press.

Date: 1991
View citations in EconPapers

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The Impact of R&D Investment On Productivity - New Evidence Using Linked R&D-LRD Data (1991)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:oup:ecinqu:v:29:y:1991:i:2:p:203-29

Ordering information: This journal article can be ordered from
http://www.oup.co.uk/journals

Access Statistics for this article

Economic Inquiry is edited by Preston McAfee

More articles in Economic Inquiry from Oxford University Press
Address: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Series data maintained by Christopher F. Baum ().