Does history matter for the relationship between R&D, innovation, and productivity?

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThis paper analyzes the relationship between R&D expenditures, innovation and productivity growth, taking into account the possibility of persistence in firms' behaviour. We study this relationship for a sample of Spanish manufacturing firms between 1990 and 2005, estimating a model with four equations: participation in technological activities, R&D intensity, the generation of innovations and the impact of these technological outputs on total factor productivity growth. Our results reflect the existence of true state dependence both in the decision of R&D investment and in the production of innovations. The omission of this persistence leads to an overestimation of the current impact of innovations on productivity growth. However, the presence of persistence in technological inputs and outputs entails current R&D activities having long-run effects on a firm's productivity.

Subsidies or loans? Evaluating the impact of R&D support programmes

“…All regressions include a constant and time dummies for the years 2003 and 2004. Although it is possible to assume that most variables are exogenous, the indicators for being an exporter, technological cooperation, relative labour productivity and the percentage of R&D employees are again introduced with a lag in the decision equation to avoid direct simultaneity. The results in Table 5 for most control variables are in line with previous literature (Ortega-Argilés et al, 2005;Griffith et al, 2006;Hall et al, 2009;Huergo and Moreno, 2011). Marginal effects have in general the expected sign in both equations.…”

“…Specifically, this problem appeared when one of the treatments involved in the combination was 'CDTI loan and European subsidy' or 'All types '. 5 Other studies that use this type of pseudo-instrumental variables approach in similar frameworks are Griffith et al (2006), Huergo and Moreno (2011), and Barajas et al (2012Barajas et al ( , 2016.…”

Dynamics of Firm Participation in R&D Tax Credit and Subsidy Programs

“…About 40% of these benefit from tax credits, and 35% from subsidies. That less than half of potential beneficiaries of tax credits actually claim them, when in principle the procedure to do it 14 R&D transition rates are very similar to those obtained by Huergo and Moreno (2011) for the period 1990-2005. Exit is more frequently observed than entry.…”

The Effects of R&D Intensity and Tax Incentives on Firms Growth of PIGS Countries

“…On the other hand, Peková (2008) believes that the important economic variables such as economic growth, unemployment or companies competitiveness are largely dependent on a research and development results. Huergo and Moreno (2011) analysed the relationship among R&D expenditures, innovation and productivity growth taking into account the persistence of firm's behaviour. Their results show that the omission of innovation persistence leads to an overestimation of the current impact of innovations on productivity growth.…”