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Boosting Manufacturing Productivity Through R&D: International Comparisons with Special Focus on Italy

  • Alessandro Sterlacchini

    ()

  • Francesco Venturini

    ()

Using data for twelve manufacturing industries of five developed countries over the period 1980–2002, we perform a dynamic panel estimation of the long-run elasticity of TFP with respect to R&D capital. The highest elasticity is found for the US (0.39), followed by Germany (0.29–32); intermediate values are achieved by France (0.19–0.21) and Spain (0.19), while Italy records the lowest R&D impact (0.08–0.12). The latter finding, supported by an in depth analysis based on a longer time-span and more accurate data, can be ascribed to the declining R&D efforts undertaken, during the Nineties, by Italian manufacturing industries. Copyright Springer Science+Business Media, LLC 2013

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File URL: http://hdl.handle.net/10.1007/s10842-011-0114-5
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Article provided by Springer in its journal Journal of Industry, Competition and Trade.

Volume (Year): 13 (2013)
Issue (Month): 2 (June)
Pages: 187-208

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Handle: RePEc:kap:jincot:v:13:y:2013:i:2:p:187-208
DOI: 10.1007/s10842-011-0114-5
Contact details of provider: Web page: http://springer.com

Order Information: Web: http://www.springer.com/economics/industrial+organization/journal/10842/PS2

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