Evidence on the impact of R&D and ICT investment on innovation and productivity in Italian firms
Francesca Lotti () and
No 874, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area
The paper investigates R&D and ICT investment at firm level, assessing their relative importance and the extent to which they are complements or substitutes. We use data on a large unbalanced panel sample from four consecutive waves of a survey of Italian manufacturing firms, together with a version of the model developed by Crepon et al., 1998, modified to include ICT investment and R&D as the two main inputs of innovation and productivity. We find that R&D and ICT are both strongly associated with innovation and productivity, with R&D being more important for innovation and ICT for productivity. We explore their possible complementarity in innovation and production but find none, although there is complementarity between R&D and worker skill in innovation.
Keywords: R&D; ICT; innovation; productivity; complementarity; Italy (search for similar items in EconPapers)
JEL-codes: L60 O31 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ict, nep-ino, nep-knm, nep-sbm and nep-tid
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Journal Article: Evidence on the impact of R&D and ICT investments on innovation and productivity in Italian firms (2013)
Working Paper: Evidence on the Impact of R&D and ICT Investment on Innovation and Productivity in Italian Firms (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_874_12
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