R&D and productivity in the spanish´s manufacturing firms

• Autores: Desiderio Romero Jordán, María Jesús Delgado Rodríguez, Inmaculada Álvarez Ayuso
• Localización: Revista de Estudios Empresariales. Segunda época, ISSN-e 1988-9046, Nº. 2, 2009, págs. 117-125
• Idioma: inglés
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• Resumen

  • The Spanish R&D to GDP ratio is low compared to other leading economies during the last decade. This paper uses data of a sample of Spanish manufacturing firms over the period 1990-2001 to investigate the relationship between labour productivity and R&D capital at firm level. A Cobb-Douglas function including R&D intensity is estimating using the panel data with instrumental variables method. The results indicate that a positive and significant role for the firm's own R&D capital is only found in firms located in technology intensive sectors. It also appears that some firm's characteristics (firm size and the integration of the firm in a corporate group) play a significant role in influencing private output.