R&D and productivity in high-tech manufacturing: a comparison between Italy and Spain

Alessandro Sterlacchini () and Francesco Venturini ()

MPRA Paper from University Library of Munich, Germany

Abstract: Using data for twelve manufacturing industries over the period 1980-2006, we perform for Italy and Spain a dynamic panel estimation of the long-run elasticity of TFP with respect to R&D capital. The results show that in Spain high-tech industries have experienced a similar or slightly higher R&D elasticity than their Italian counterparts. This is mainly attributable to what occurred from the mid 1990s onwards when, thanks to increasing R&D efforts, the Spanish industries have been able to catch up with the respect to the Italian ones. The policy implications of the above findings are discussed.

Keywords: Manufacturing industries; Italy and Spain; Productivity growth; R&D capital (search for similar items in EconPapers)
JEL-codes: L60 O30 O40 (search for similar items in EconPapers)
Date: 2011-04-04
New Economics Papers: this item is included in nep-cse, nep-eff, nep-eur, nep-ino and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Journal Article: R&D and Productivity in High-Tech Manufacturing: A Comparison between Italy and Spain (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30048

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