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Assessing the returns to collaborative research: Firm-level evidence from Italy

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  • Giuseppe Medda
  • Claudio Piga
  • Donald Siegel

Abstract

We use firm-level data from Italian manufacturing firms to assess the relationship between various types of R&D and total factor productivity growth, including collaborative research with other firms and universities. A novel twist to our empirical analysis is that we estimate a sample selection model, which allows us to treat the decision to conduct R&D as endogenous. We find strong evidence of positive returns to collaborative research with other companies, whereas collaborative research with universities does not appear to enhance productivity. This result implies that firms may conduct R&D with universities when appropriability conditions are weak and the outcomes of such research projects do not yield direct strategic benefits.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.

Volume (Year): 15 (2006)
Issue (Month): 1 ()
Pages: 37-50

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Handle: RePEc:taf:ecinnt:v:15:y:2006:i:1:p:37-50

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Related research

Keywords: R&D; Collaborative research; Total factor productivity; Sample selection bias;

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References

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Citations

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Cited by:
  1. Almas Heshmati & Hyesung Kim, 2011. "The R&D and productivity relationship of Korean listed firms," Journal of Productivity Analysis, Springer, Springer, vol. 36(2), pages 125-142, October.
  2. Lööf, Hans & Broström, Anders, 2004. "Does Knowledge Diffusion between University and Industry Increase Innovativeness?," Working Paper Series in Economics and Institutions of Innovation, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies 21, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies, revised 26 Jan 2006.
  3. Claudio A. Piga & Giuseppe Medda, 2007. "Technological Spillovers and Productivity in Italian Manufacturing Firms," Working Paper Series, The Rimini Centre for Economic Analysis 08-07, The Rimini Centre for Economic Analysis, revised Jul 2007.
  4. Paola Cardamone & Valeria Pupo & Fernanda Ricotta, 2012. "University And Firm Performance In The Italian Manufacturing Sector," Working Papers, Università della Calabria, Dipartimento di Economia, Statistica e Finanza (Ex Dipartimento di Economia e Statistica) 201207, Università della Calabria, Dipartimento di Economia, Statistica e Finanza (Ex Dipartimento di Economia e Statistica).
  5. Shishir Saxena, 2011. "Technology and spillovers: evidence from Indian manufacturing microdata," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 43(10), pages 1271-1287.
  6. Kirkels, Yvonne & Duysters, Geert, 2010. "Brokerage in SME networks," Research Policy, Elsevier, Elsevier, vol. 39(3), pages 375-385, April.
  7. Sumit Majumdar, 2011. "Scalability versus flexibility: firm size and R&D in Indian industry," The Journal of Technology Transfer, Springer, Springer, vol. 36(1), pages 101-116, February.

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