R&D-Persistency, Metropolitan Externalities and Productivity

Hans Lööf () and Börje Johansson

No 242, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

Abstract: Firms display persistent differences as regards both internal and external characteristics, and these differences correspond to asymmetries in the performance of firms with regard to productivity level and growth as well as innovativeness. This paper focuses on one internal characteristic and one external factor by distinguishing between firms with persistent R&D efforts and other firms and firms located in a metropolitan region versus firms with other locations. Applying Swedish data on individual firms and their location, the paper shows that firms that follow a strategy with persistent R&D efforts have a distinctly higher level of productivity across all types of location. In addition, the productivity level of firms with persistent R&D is augmented in a significant way when such firms have a metropolitan location and, in particular, a location in a metropolitan city

Keywords: R&D; innovation-strategy; productivity; metropolitan; externalities (search for similar items in EconPapers)
JEL-codes: C23 O31 O32 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2010-11-04
New Economics Papers: this item is included in nep-cse, nep-eff, nep-ino, nep-sbm, nep-tid and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0242

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