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Produttività e capitale tecnologico nel settore manifatturiero italiano

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  • Francesco Aiello
  • Paola Cardamone
  • Valeria Pupo

Abstract

This paper estimates the impact of R&D expenditure on productivity at firm level. We use a balanced panel of 385 Italian manufacturing firms in order to provide evidence of the elasticity of capital R&D over the period 1992-1997. We consider an extended production function that includes the firm's own R&D capital stock and the spillover effect as inputs, as well as labour, physical and human capital. Final outcomes confirm the relevance of R&D as a source of growth, the R&D capital elasticity being equal to 0.14.

Suggested Citation

  • Francesco Aiello & Paola Cardamone & Valeria Pupo, 2005. "Produttività e capitale tecnologico nel settore manifatturiero italiano," L'industria, Società editrice il Mulino, issue 1, pages 119-146.
  • Handle: RePEc:mul:j0hje1:doi:10.1430/19611:y:2005:i:1:p:119-146
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    References listed on IDEAS

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    1. Riccardo Leoncini & Sandro Montresor, 2001. "Struttura produttiva e processo innovativo: un'analisi intersettoriale del sistema tecnologico italiano," Rivista italiana degli economisti, Società editrice il Mulino, issue 2, pages 169-206.
    2. repec:fth:harver:1473 is not listed on IDEAS
    3. Elvio Mattioli & Alessandro Sterlacchini, 1998. "Fonti e risultati dell'attività innovativa nell'industria italiana: un'analisi settoriale," L'industria, Società editrice il Mulino, issue 1, pages 49-80.
    4. Pavitt, Keith, 1984. "Sectoral patterns of technical change: Towards a taxonomy and a theory," Research Policy, Elsevier, vol. 13(6), pages 343-373, December.
    5. Archibugi, Daniele & Cesaratto, Sergio & Sirilli, Giorgio, 1991. "Sources of innovative activities and industrial organization in Italy," Research Policy, Elsevier, vol. 20(4), pages 299-313, August.
    6. Jacques Mairesse & Bronwyn H. Hall, 1996. "Estimating the Productivity of Research and Development: An Exploration of GMM Methods Using Data on French & United States Manufacturing Firms," NBER Working Papers 5501, National Bureau of Economic Research, Inc.
    7. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters,in: R&D and Productivity: The Econometric Evidence, pages 287-343 National Bureau of Economic Research, Inc.
    8. Trostel, Philip & Walker, Ian & Woolley, Paul, 2002. "Estimates of the economic return to schooling for 28 countries," Labour Economics, Elsevier, vol. 9(1), pages 1-16, February.
    9. Griliches, Zvi, 1986. "Productivity, R&D, and the Basic Research at the Firm Level in the 1970's," American Economic Review, American Economic Association, vol. 76(1), pages 141-154, March.
    10. Wakelin, Katharine, 2001. "Productivity growth and R&D expenditure in UK manufacturing firms," Research Policy, Elsevier, vol. 30(7), pages 1079-1090, August.
    11. Brunello, Giorgio & Miniaci, Raffaele, 1999. "The economic returns to schooling for Italian men. An evaluation based on instrumental variables1," Labour Economics, Elsevier, vol. 6(4), pages 509-519, November.
    12. Destefanis, Sergio, 2000. "Differenziali territoriali di produttività ed efficienza e sviluppo dualistico
      [Territorial differences in productivity and efficiency and Italian dualism]
      ," MPRA Paper 62065, University Library of Munich, Germany.
    13. Francesco Aiello & Valeria Pupo, 2004. "Il tasso di rendimento degli investimenti in ricerca e sviluppo delle imprese innovatrici italiane," Rivista di Politica Economica, SIPI Spa, vol. 94(3), pages 81-118, May-June.
    14. Alessandro Sterlacchini, 2001. "Il contributo delle grandi e delle piccole imprese al progresso tecnologico," Rivista italiana degli economisti, Società editrice il Mulino, issue 1, pages 95-120.
    15. Richard C. Levin & Alvin K. Klevorick & Richard R. Nelson & Sidney G. Winter, 1987. "Appropriating the Returns from Industrial Research and Development," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 18(3, Specia), pages 783-832.
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    Cited by:

    1. Aiello, Francesco & Cardamone, Paola, 2012. "Regional economic divide and the role of technological spillovers in Italy. Evidence from microdata," Structural Change and Economic Dynamics, Elsevier, vol. 23(3), pages 205-220.
    2. Giulio Cainelli, 2008. "Spatial Agglomeration, Technological Innovations, and Firm Productivity: Evidence from Italian Industrial Districts," Growth and Change, Wiley Blackwell, vol. 39(3), pages 414-435.
    3. Cardamone, Paola, 2014. "R&D, spatial proximity and productivity at firm level: evidence from Italy," MPRA Paper 57149, University Library of Munich, Germany.
    4. Paola Cardamone, 2012. "A micro-econometric analysis of the role of R&D spillovers using a nonlinear translog specification," Journal of Productivity Analysis, Springer, vol. 37(1), pages 41-58, February.
    5. Isabella Martucci & Anna Maria Costanza Rinaldi, 2012. "The Way Italian Firms Grow: A Case Study from Southern Italy," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(43), pages 115-130, March.

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