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Corporate Skills as an Ex-Ante Incentive to R&D Investment

Author

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  • Piva, Mariacristina

    (Università Cattolica del Sacro Cuore)

  • Vivarelli, Marco

    (Università Cattolica del Sacro Cuore)

Abstract

Using a balanced panel of 215 Italian manufacturing firms over the 1995-2000 period, this paper investigates the determinants of R&D investment at the level of the firm. While finding further support for the well-established technology-push and demand-pull hypotheses, this study also tests the role of skill endowment in increasing a firm’s R&D investment. Consistently with the related managerial and economic literature, our basic result is that current skill endowment may significantly and positively influence a firm’s current R&D decision. These microeconometric results have been obtained using a Least Squares Dummy Variable Corrected (LSDVC) estimator, a recently-proposed panel data technique particularly suitable for small samples.

Suggested Citation

  • Piva, Mariacristina & Vivarelli, Marco, 2007. "Corporate Skills as an Ex-Ante Incentive to R&D Investment," IZA Discussion Papers 2562, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp2562
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    Cited by:

    1. Catozzella, Alessandra & Vivarelli, Marco, 2007. "The Catalysing Role of In-House R & D in Fostering the Complementarity of Innovative Inputs," IZA Discussion Papers 3126, Institute of Labor Economics (IZA).
    2. Daniele Cerrato & Mariacristina Piva, 2012. "The internationalization of small and medium-sized enterprises: the effect of family management, human capital and foreign ownership," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 16(4), pages 617-644, November.

    More about this item

    Keywords

    R&D expenditures; endogenous skill bias; demand-pull; skills and innovation; LSDVC estimator;
    All these keywords.

    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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