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Corporate skills as an incentive to R&D investment

Author

Listed:
  • Mariacristina Piva

    (DISCE, Università Cattolica)

  • Marco Vivarelli

    (DISCE, Università Cattolica)

Abstract

This paper investigates the determinants of R&D investment at the firm-level. A balanced panel of 215 Italian manufacturing firms over the 1995-2000 period has been used to test the technologypush, the demand-pull and the endogenous skill-bias hypotheses. Econometrically, the GMM-SYS estimator and the Least Squares Dummy Variable Corrected (LSDVC) estimator, a recentlyproposed panel data technique particularly suitable for small samples, have been used. Results support the well-established technology-push and demand-pull hypotheses and, furthermore, supply evidence for the role of skill endowment in increasing a firm’s R&D investments.

Suggested Citation

  • Mariacristina Piva & Marco Vivarelli, 2008. "Corporate skills as an incentive to R&D investment," DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali dises0853, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    • Handle: RePEc:ctc:serie2:dises0853
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    References listed on IDEAS

    as
    1. Judson, Ruth A. & Owen, Ann L., 1999. "Estimating dynamic panel data models: a guide for macroeconomists," Economics Letters, Elsevier, vol. 65(1), pages 9-15, October.
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    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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