Title: R&D capital and private production: testing firm characteristics using micro data

Authors: Desiderio Romero-Jordán; María Jesús Delgado; Maria Jose Madeira Silva; Jacinta Moreira; Jorge Simões

Addresses: GIPD – Grupo en Innovación Empresarial, Productividad y Desarrollo, Universidad Rey Juan Carlos, Paseo de los Artilleros s/n, 28032 Madrid, Spain ' GIPD – Grupo en Innovación Empresarial, Productividad y Desarrollo, Universidad Rey Juan Carlos, Paseo de los Artilleros s/n, 28032 Madrid, Spain ' CIEO (Research Centre for Spatial and Organizational Dynamics), University of Beira Interior, Pólo IV, 6200-209 Covilhã, Portugal ' Polytechnic Institute of Leiria and GOVCOPP (Research Unit in Governance, Competitiveness and Public Policy), Campus 2, 2411-901 Leiria, Portugal ' Polytechnic Institute of Tomar and GOVCOPP (Research Unit in Governance, Competitiveness and Public Policy), Quinta do Contador, 2300-313 Tomar, Portugal

Abstract: This paper aims to provide evidence to add to current knowledge on the contribution of R&D capital to private production based on panel data of Spanish manufacturing firms over the period 1990 to 2005. The differences in how R&D capital affect firm production is explored for small and large firms and for technological intensity of the firm. The empirical exercise performed reflects that, for the whole sample, R&D effort has a significantly and positive impact on the firm production. We also find that belonging to technology-intensive sector exerts a positive effect on this relation. Firm characteristic of size does not lead to important differences according to the impact of R&D capital on production.

Keywords: productivity; R&D capital; firm size; research and development; private production; firm characteristics; Spain; manufacturing industry; technological intensity; R&D finance.

DOI: 10.1504/IJIL.2013.056237

International Journal of Innovation and Learning, 2013 Vol.14 No.3/4, pp.444 - 452

Received: 08 May 2021
Accepted: 12 May 2021

Published online: 15 Aug 2013 *

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