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The Machine Tool Industry in Italy: Industrial Innovations and Performances

Author

Listed:
  • Fabio Campanini

    (DISCE, Università Cattolica)

  • Serena Costa

    (DISCE, Università Cattolica)

  • Paolo Rizzi

    (DISCE, Università Cattolica)

Abstract

The machine tool industry has a leading role in the Italian manufacturing system, above all in Northern Italy. This industrial branch is a strategic intermediate point in many manufacture dies, with an average innovation intensity higher than that of many other industrial branches. This work investigates if and in which way the innovation and the R&D processes carried out in the sector firms affect their productivity. We built a significant sample, which answered a questionnaire based on the CIS (Community Innovation Survey). Also a regional geographic dimension is used, to test the presence of specific local effects. Results show a positive and strong contribution from human capital to productivity, while, in the short term, physical capital have a negative impact, a result probably influenced by the economic crisis.

Suggested Citation

  • Fabio Campanini & Serena Costa & Paolo Rizzi, 2013. "The Machine Tool Industry in Italy: Industrial Innovations and Performances," DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali dises1391, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    • Handle: RePEc:ctc:serie2:dises1391
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    More about this item

    Keywords

    Innovation; Machine tool industry; Firm productivity; Regions.;
    All these keywords.

    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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