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R&D and productivity in high-tech manufacturing: a comparison between Italy and Spain

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  • Sterlacchini, Alessandro
  • Venturini, Francesco

Abstract

Using data for twelve manufacturing industries over the period 1980-2006, we perform for Italy and Spain a dynamic panel estimation of the long-run elasticity of TFP with respect to R&D capital. The results show that in Spain high-tech industries have experienced a similar or slightly higher R&D elasticity than their Italian counterparts. This is mainly attributable to what occurred from the mid 1990s onwards when, thanks to increasing R&D efforts, the Spanish industries have been able to catch up with the respect to the Italian ones. The policy implications of the above findings are discussed.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 30048.

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Date of creation: 04 Apr 2011
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Handle: RePEc:pra:mprapa:30048

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Keywords: Manufacturing industries; Italy and Spain; Productivity growth; R&D capital;

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Cited by:
  1. Alessandro Sterlacchini & Francesco Venturini, 2013. "Boosting Manufacturing Productivity Through R&D: International Comparisons with Special Focus on Italy," Journal of Industry, Competition and Trade, Springer, vol. 13(2), pages 187-208, June.

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