Boosting Manufacturing Productivity Through R&D: International Comparisons with Special Focus on Italy

Alessandro Sterlacchini () and Francesco Venturini ()

Journal of Industry, Competition and Trade, 2013, vol. 13, issue 2, 187-208

Abstract: Using data for twelve manufacturing industries of five developed countries over the period 1980–2002, we perform a dynamic panel estimation of the long-run elasticity of TFP with respect to R&D capital. The highest elasticity is found for the US (0.39), followed by Germany (0.29–32); intermediate values are achieved by France (0.19–0.21) and Spain (0.19), while Italy records the lowest R&D impact (0.08–0.12). The latter finding, supported by an in depth analysis based on a longer time-span and more accurate data, can be ascribed to the declining R&D efforts undertaken, during the Nineties, by Italian manufacturing industries. Copyright Springer Science+Business Media, LLC 2013

Keywords: productivity growth; R&D capital stock; manufacturing industries; EU and US; O4; O3; L6 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (14)

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Working Paper: Boosting Manufacturing Productivity Through R&D: International Comparisons with Special Focus on Italy (2007)
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DOI: 10.1007/s10842-011-0114-5

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