Interplay between regional and industrial aspects in the R&D–productivity link: evidence from Europe

Paula Prenzel, Raquel Ortega-Argiles, Claudio Cozza and Mariacristina Piva

Regional Studies, 2018, vol. 52, issue 5, 659-672

Abstract: Interplay between regional and industrial aspects in the R&D–productivity link: evidence from Europe. Regional Studies. The paper tests the effect of the interplay between regional and sectoral dimensions in the firm-level research and development (R&D)–productivity link. Using a longitudinal database of innovative publicly traded European companies between 1991 and 2008, the following main results arise. First, the elasticity of value added with respect to R&D is larger in regions characterized by a higher innovation performance (knowledge hubs versus industrial zones). Second, in knowledge hubs, industry affiliation mediates the gains from R&D: high-tech manufacturing firms profit more from R&D than low-tech ones. This evidence suggests that an innovative regional environment increases the capacity to translate R&D investments into productivity for European high-tech industries. This virtuous circle is not at work in services and in low-tech manufacturing industries.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:taf:regstd:v:52:y:2018:i:5:p:659-672

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DOI: 10.1080/00343404.2017.1329586

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