Assessing the Returns to Collaborative Research: Firm-Level Evidence from Italy
Giuseppe Medda (),
Claudio Piga () and
Donald Siegel ()
Rensselaer Working Papers in Economics from Rensselaer Polytechnic Institute, Department of Economics
We use firm-level data from Italian manufacturing firms to assess the relationship between various types of R&D and total factor productivity growth, including collaborative research with other firms and universities. A novel twist to our empirical analysis is that we estimate a treatment effects model, which enables us to treat the decision to conduct R&D as endogenous. We find strong evidence of positive returns to collaborative research with companies, while collaborative research with universities does not appear to enhance productivity. This result implies that firms may conduct R&D with universities when appropriability conditions are weak and the outcomes of such research projects do not yield direct strategic benefits.
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Journal Article: Assessing the returns to collaborative research: Firm-level evidence from Italy (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:rpi:rpiwpe:0416
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