Impact of R&D Activities of Firms on Productivity: Findings from an Econometric Study of the Turkish Manufacturing Sector
Elif Dayar () and
Mehmet Pamukçu ()
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Elif Dayar: Department of Economics, Atilim University
No 1402, STPS Working Papers from STPS - Science and Technology Policy Studies Center, Middle East Technical University
In this paper we are investigating the following question for Turkey: “How does the increase in R&D capital stock and how do foreign knowledge spillovers affect labor productivity?” Our sample is composed of R&D performers only, hence the Heckman two stage procedure with the instrumental variables technique for panel data is implemented (Semykina and Wooldridge, 2010). Appropriate instruments are used in regressions for the endogenous variables. Our findings signal that the indigenous efforts of R&D performers and their physical capital stock intensity exert a positive effect on firm-level labor productivity. However, neither foreign ownership nor foreign knowledge spillovers are found to affect R&D performers’ labor productivity positively. On the other hand, skill exerts a strong positive impact on productivity, pointing to the significant role of educated staff in R&D performing firms. We can conclude that Turkish R&D performers are dependent on their accumulated physical capital stock intensity and their own R&D efforts when it comes to increasing labor productivity.
Keywords: R&D (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ara, nep-cse, nep-cwa, nep-eff, nep-ino, nep-sbm and nep-tid
Date: 2014-12, Revised 2014-12
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http://stps.metu.edu.tr/sites/stps.metu.edu.tr/files/STPS%20WP%201402.pdf First version, 2014 (application/pdf)
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Persistent link: http://EconPapers.repec.org/RePEc:met:stpswp:1402
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