R&D spillovers and productivity growth: evidence from Italian manufacturing microdata
Francesco Aiello () and
Paola Cardamone ()
Applied Economics Letters, 2005, vol. 12, issue 10, 625-631
Abstract:
Recently the focus of R&D impact on productivity moves from internal to external innovation. This paper assesses the link between R&D spillovers and productivity of 1017 Italian manufacturing firms over 1995-2000. Different proxies of R&D spillovers and several specification tests are used to select a well-behaved fixed effect model. As predicted by various new growth theory models, external R&D exerts a positive and highly significant effect on firms' productivity growth.
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:12:y:2005:i:10:p:625-631
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DOI: 10.1080/13504850500119112
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