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The medium-term effect of R&D on firm growth

Marco Capasso (), Tania Treibich () and Bart Verspagen

No 1, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: This study analyses the medium-term effect of RD expenditure on firm employment growth. Four cross-sectional waves of an innovation survey conducted in the Netherlands have been used to evaluate the effect on firm growth in the five years following the investment. Panel data fixed effect techniques, also allowing for selection bias corrections, indicate a positive influence of RD on growth. Limited dependent variable models have been used throughout the whole analysis to consider explicitly the cases of firms exiting the market in the analysed medium term.

Keywords: R&D expenditure; employment growth; firm growth; management of technological innovation; innovation; R&D; research and development (search for similar items in EconPapers)
JEL-codes: L20 L10 O32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cse, nep-fdg, nep-ino, nep-knm, nep-sbm and nep-sog
Date: 2014-01-31
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Journal Article: The medium-term effect of R&D on firm growth (2015) Downloads
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