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Assessing the Returns to Collaborative Research: Firm-Level Evidence from Italy

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Author Info
Giuseppe Medda () (University of Cagliari, Italy)
Claudio Piga () (Business School, University of Nottingham, UK)
Donald S. Siegel () (Department of Economics, Rensselaer Polytechnic Institute, Troy, NY 12180-3590, USA)

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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 treatment effects model, which enables us to treat the decision to conduct R&D as endogenous. We find strong evidence of positive returns to collaborative research with companies, while 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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Paper provided by Rensselaer Polytechnic Institute, Department of Economics in its series Rensselaer Working Papers in Economics with number 0416.

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Date of creation: Jun 2004
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Handle: RePEc:rpi:rpiwpe:0416

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  34. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S71-102, October. [Downloadable!] (restricted)
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  35. Siegel, Donald S. & Waldman, David & Link, Albert, 2003. "Assessing the impact of organizational practices on the relative productivity of university technology transfer offices: an exploratory study," Research Policy, Elsevier, vol. 32(1), pages 27-48, January. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Shishir Saxena, 2007. "Technology And Spillovers: Evidence From Indian Manufacturing Micro-Data," Monash Economics Working Papers 27/07, Monash University, Department of Economics. [Downloadable!]
  2. Hans Lööf & Anders Broström, 2008. "Does knowledge diffusion between university and industry increase innovativeness?," The Journal of Technology Transfer, Springer, vol. 33(1), pages 73-90, February. [Downloadable!] (restricted)
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  3. Claudio A. Piga & Giuseppe Medda, 2007. "Technological Spillovers and Productivity in Italian Manufacturing Firms," Discussion Paper Series 2007_17, Department of Economics, Loughborough University, revised Jul 2007. [Downloadable!]
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