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R&D and productivity growth: evidence from firm-level data for the Netherlands

Author

Listed:
  • Bartelsman, Eric
  • van Leeuwen, George
  • Nieuwenhuijsen, Henry
  • Zeelenberg, Kees

Abstract

This article presents evidence on the links between R&D and productivity for manufacturing firms in the Netherlands. The study provides estimates of the output elasticity of the R&D stock and of the private rate of return to R&D. The article applies the methodology used by Hall and Mairesse (1995) to a panel dataset of R&D performing firms in the Netherlands, with some minor modifications. First, a correction for sample selection bias is used in an attempt to adjust the results for possible bias arising when the basic methodology is applied to the R&D survey for the Netherlands. Next, more complete adjustment is made to the resource input data to correct for the ’double counting’ of R&D inputs. Lastly, an attempt is made to correct for heteroskedasticity in the error term of the basic model. The study makes use of linked files of the R&D surveys and the annual production statistics collected by Statistics Netherlands for the years 1985, 1989, and 1993.

Suggested Citation

  • Bartelsman, Eric & van Leeuwen, George & Nieuwenhuijsen, Henry & Zeelenberg, Kees, 1996. "R&D and productivity growth: evidence from firm-level data for the Netherlands," MPRA Paper 87740, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:87740
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    File URL: https://mpra.ub.uni-muenchen.de/87740/1/MPRA_paper_87740.pdf
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    References listed on IDEAS

    as
    1. Coe, David T. & Helpman, Elhanan, 1995. "International R&D spillovers," European Economic Review, Elsevier, vol. 39(5), pages 859-887, May.
    2. Griliches, Zvi & Hausman, Jerry A., 1986. "Errors in variables in panel data," Journal of Econometrics, Elsevier, vol. 31(1), pages 93-118, February.
    3. Schankerman, Mark, 1981. "The Effects of Double-Counting and Expensing on the Measured Returns to R&D," The Review of Economics and Statistics, MIT Press, vol. 63(3), pages 454-458, August.
    4. Hall, Bronwyn H. & Mairesse, Jacques, 1995. "Exploring the relationship between R&D and productivity in French manufacturing firms," Journal of Econometrics, Elsevier, vol. 65(1), pages 263-293, January.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Capolupo, Rosa, 2009. "The New Growth Theories and Their Empirics after Twenty Years," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 3, pages 1-72.
    2. Ugur, Mehment & Vivarelli, Marco, 2020. "The role of innovation in industrial dynamics and productivity growth: a survey of the literature," GLO Discussion Paper Series 648, Global Labor Organization (GLO).
    3. Ugur, Mehmet & Guidi, Francesco & Solomon, Edna & Trushin, Eshref, 2014. "R&D investment, productivity and rates of return: A meta-analysis of the evidence on OECD firms and industries," MPRA Paper 59686, University Library of Munich, Germany, revised 22 Oct 2014.
    4. Pierre Mohnen & Michael Polder & George van Leeuwen, 2019. "ICT, R&D, and Organizational Innovation: Exploring Complementarities in Investment and Production," NBER Chapters, in: Measuring and Accounting for Innovation in the Twenty-First Century, National Bureau of Economic Research, Inc.
    5. Andre Steenkamp & Mark Schaffer & Wayde Flowerday & John Goddard, 2018. "Innovation activity in South Africa: Measuring the returns to R&D," WIDER Working Paper Series 42, World Institute for Development Economic Research (UNU-WIDER).
    6. Ugur, Mehmet & Vivarelli, Marco, 2020. "Innovation, firm survival and productivity: the state of the art," Greenwich Papers in Political Economy 30334, University of Greenwich, Greenwich Political Economy Research Centre.
    7. Jarle Møen & Helge Sandvig Thorsen, 2017. "Publication Bias in the Returns to R&D Literature," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(3), pages 987-1013, September.
    8. Hall, Bronwyn H. & Mairesse, Jacques & Mohnen, Pierre, 2010. "Measuring the Returns to R&D," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.),Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1033-1082, Elsevier.
    9. Andre Steenkamp & Mark Schaffer & Wayde Flowerday & John Gabriel Goddard, 2018. "Innovation activity in South Africa: Measuring the returns to R&D," WIDER Working Paper Series wp-2018-42, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    R&D; productivity; Netherlandss;

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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