Sterlacchini, Alessandro and Venturini, Francesco (2011): R&D and productivity in high-tech manufacturing: a comparison between Italy and Spain.
Download (280Kb) | Preview
Using data for twelve manufacturing industries over the period 1980-2006, we perform for Italy and Spain a dynamic panel estimation of the long-run elasticity of TFP with respect to R&D capital. The results show that in Spain high-tech industries have experienced a similar or slightly higher R&D elasticity than their Italian counterparts. This is mainly attributable to what occurred from the mid 1990s onwards when, thanks to increasing R&D efforts, the Spanish industries have been able to catch up with the respect to the Italian ones. The policy implications of the above findings are discussed.
|Item Type:||MPRA Paper|
|Original Title:||R&D and productivity in high-tech manufacturing: a comparison between Italy and Spain|
|Keywords:||Manufacturing industries; Italy and Spain; Productivity growth; R&D capital|
|Subjects:||O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development; Intellectual Property Rights > O30 - General
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
L - Industrial Organization > L6 - Industry Studies: Manufacturing > L60 - General
|Depositing User:||Alessandro Sterlacchini|
|Date Deposited:||10. Apr 2011 12:02|
|Last Modified:||16. Feb 2013 00:31|
AÑÓN HIGÓN D. (2007), “The Impact of R&D Spillovers on UK Manufacturing TFP: A Dynamic Panel Approach”, Research Policy, vol. 36, pp 949-963.
BASSANETTI A. - IOMMI M. - JONA-LASINIO, C. - ZOLLINO F. (2004), “La crescita dell’economia italiana negli anni Novanta tra ritardo tecnologico e rallentamento della produttività”, Temi di Discussione Banca d’Italia n. 539.
BASSANINI, A. - SCARPETTA, S. (2002), “Growth, Technological Change, and ICT diffusion: Recent Evidence from OECD Countries”, Oxford Review of Economic Policy, vol. 18, pp. 324–344.
BRANDOLINI, A. - CIPOLLINE, P. (2001), “Multifactor Productivity and Labour Quality in Italy”, Temi di Discussione Banca d’Italia n. 422.
BRANDT, N. (2007), “Mark-ups, Economies of Scale and the Role of Knowledge Spillovers in OCED Industries”, European Economic Review, Vol. 51, pp. 1708-1732.
BREITUNG, J. - PESARAN, H.M. (2008), “Unit Roots and Cointegration in Panels”, in The Econometrics of Panel Data (Third Edition), ed. By Matyas, L. and P. Sevestre, Kluwer Academic Publishers, Ch 9, pp. 279-322.
CAMERON, G. (2005), “The Sun Also Rises: Productivity Convergence Between Japan and the USA”, Journal of Economic Growth, vol. 10, pp. 387-408.
COE, D.T. - HELPMAN, E. (1995), “International R&D Spillovers”, European Economic Review, vol. 39, pp. 859-887.
COHEN, W.M. - LEVINTHAL, D. (1989), “Innovation and Learning: The Two Faces of R&D”, Economic Journal, vol. 99, pp. 569-596.
DAVERI, F. - JONA-LASINIO, C. (2005), “Italy’s Decline: Getting the Facts Right”, Giornale degli Economisti e Annali di Economia, vol. 64, pp. 365-420.
ERKEN, H. - VAN ES, F. (2007) “Disentangling the R&D Shortfall of the EU vis-à-vis the US”, Jena Economic Research Paper, No. 2007 – 107.
FRANTZEN, D. (2002), “Intersectoral and International R&D Knowledge Spillovers and Total Factor Productivity”, Scottish Journal of Political Economy, vol. 49, pp. 280-303.
GRIFFITH, R. - REDDING, S. - VAN REENEN, J. (2004), “Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries”, Review of Economics and Statistics, vol. 86, pp. 883-895.
HALL, B. (2006), “R&D, Productivity and Market Value”, IFS Working Papers, W06/23.
HALL, B. - MAIRESSE, J. (1995), “Exploring the Relationship between R&D and Productivity in French Manufacturing Firms”, Journal of Econometrics, vol. 65, pp. 263-293.
HATZICHRINOGLOU, T. (1997), “Revision of the High-technology Sector and Product Classification”, OECD Science, Technology and Industry Working Paper, 1997/2, OECD, Paris.
JONES, C. (1995), “Time Series Tests of Endogenous Growth Models”, Quarterly Journal of Economics, vol. 110, 495–525.
JORGENSON, D.W. - GOLLOP, F.M. - FRAUMENI, B. (1987), Productivity and U.S. Economic Growth, Cambridge (MA), Cambridge University Press.
JORGENSON, D.W. (2005), “Accounting for Growth in the Information Age”, in Handbook of Economic Growth, ed. by Aghion, P. and S. Durlauf , Amsterdam, North-Holland, Volume 1A, pp. 743-815.
MAFFEZZOLI, M. (2006), “Convergence across Italian Regions and the role of Technological Catch-Up”, B.E. Journal of Macroeconomics (Topics), vol. 6, article 15.
MAS, M. - QUESADA, J. (2007), “Spain: A success story Shadowed only by a poor productivity performance”, National Institute Economic Review, No. 200, pp. 87-95.
MAS, M. - MILANA, C. - SERRANO, L. (2008), “Spain and Italy: Catching up and falling behind. Two different tales of productivity slowdown”, MPRA Paper No. 15834, University Library of Munich.
NUCCI, F. (2008), “Italy’s decline: Getting the Facts Right: Comment”, Giornale degli Economisti e Annali di Economia, vol. 67, pp. 101-115.
OECD (2001) “Measuring Capital. Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services”, OECD, Paris.
OECD (2002), “Tax Incentives for research and Development: Trends and Issues”, OECD, Paris.
OECD (2007), “R&D and Innovation in Spain: Improving the Policy Mix”, OECD, Paris.
ORTEGA-ARGILÉS - R. - PIVA, M. - PTTERS, L. - VIVARELLI, M. (2020), “Is Corporate R&D Investment in High-Tech Sectors More Effective?”, Contemporary Economic Policy, vol. 28, 353-365.
PESARAN, M.H. (2007), “A Simple Panel Unit Test in the Presence of Cross Section Dependence”, Journal of Applied Econometrics, vol. 22, pp. 265-312.
POTI’, B. (2010), “La politica per la ricerca in Italia: quali evidenze empiriche?”, in BIANCHI, P. - POZZI, C. (eds.) Le politiche industriali alla prova del futuro, Il Mulino, Bologna.
STERLACCHINI, A. (2004), “Ricerca e alta tecnologia in Italia: le basi per un rilancio”, L’Industria, vol. 4, pp. 675-706.
STERLACCHINI, A. - VENTURINI, F. (2007) “Boosting Manufacturing Through R&D: International Comparisons with Special Focus on Italy”, Quaderno di Ricerca n. 306, Dipartimento di Economia, Università Politecnica delle Marche.
ULKU, H. (2007), “R&D, Innovation and Growth: Evidence from Four Manufacturing Sectors in OECD” Oxford Economic Papers, vol. 59, 513-535.
VAN ARK, B. - MELKA, J.- MULDER, N. - TIMMER, M. - YPMA, G. (2002), “ICT Investments and Growth Accounts for the European Union 1980-2000”, Groningen Growth and Development Centre, Research Memorandum GD-56, revised March 2003.
VENTURINI, F. (2004), “The determinants of Italian slowdown: what do the data say?”, EPKE Working Paper n. 29, National Institute of Economic and Social Research, London.
VERSPAGEN, B. (1995), “R&D and Productivity: A Broad Cross-Section Cross- Country Look”, Journal of Productivity Analysis, vol. 6, 117-135.
WARDA, J. (2006), “Tax Treatment of Business Investment in Intellectual Assets: An International Comparison”, OECD Science, Technology and Industry Working Papers 2006/4, OECD, Paris.
WESTERLUND, J. - EDGERTON, D. L. (2008), “A Simple Test for Cointegration in Dependent Panels with Structural Breaks”, Oxford Bulletin of Economics and Statistics, vol. 70, 665-704.
ZACHARIADIS, M. (2004), “R&D-induced Growth in the OECD?”, Review of Development Economics, vol. 8, pp. 423-439.