Impact of R&D on Productivity - Firm-level Evidence from Finland

Jyrki Ali-Yrkkö and Mika Maliranta

No 1031, Discussion Papers from The Research Institute of the Finnish Economy

Abstract: This study analyses how R&D expenditure impacts the productivity of companies. We analyse the productivity impact of R&D using a large panel dataset of Finnish firms over a nine-year period from 1996 to 2004. Our results are two-fold. In the short run (in 1-2 years) we find no statistically significant productivity impact of R&D. However, R&D does have an economically and statistically significant im-pact when we take into account R&D efforts made 3-5 years before. Hence, a window of almost 5 years is needed to capture the productivity impact of R&D.

Keywords: research and development; dynamic; productivity; lag; long run (search for similar items in EconPapers)
JEL-codes: H25 O32 O38 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2006
New Economics Papers: this item is included in nep-eff and nep-ino
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:rif:dpaper:1031

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