Productivity, adjustment costs and R&D investment prices An analysis of a panel of Spanish manufacturing companies

Cesar Pérez-López, Desiderio Romero-Jordan () and José Felix Sanz-Sanz
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Cesar Pérez-López: Univesidad Complutense de Madrid
José Felix Sanz-Sanz: Universidad Complutense de Madrid

Development and Comp Systems from EconWPA

Abstract: This study analyses the role played by adjustment costs and R&D investment prices in total R&D productivity. The results show that on average, for each monetary unit increase in adjustment costs produces a fall in productivity of 0.034 monetary units.

Keywords: R&D; productivity; adjustment costs (search for similar items in EconPapers)
JEL-codes: O30 L60 C23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff and nep-ino
Date: 2004-07-07
Note: Type of Document - pdf; pages: 6

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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpdc:0407004

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