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

Frank Lichtenberg and Donald Siegel

Economic Inquiry, 1991, vol. 29, issue 2, 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
References: Add references at CitEc
Citations: View citations in EconPapers (157)

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 (1989)
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: https://EconPapers.repec.org/RePEc:oup:ecinqu:v:29:y:1991:i:2:p:203-29

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Economic Inquiry is currently edited by Preston McAfee

More articles in Economic Inquiry from Western Economic Association International Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().