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|Title: ||Innovation and Productivity of Dutch Firms: A Panel data Analysis|
|Authors: ||Vancauteren, Mark|
|Issue Date: ||2012|
|Citation: ||Royal Economic Society Annual Conference 2012, Cambridge University - United Kingdom, 26-28 March 2012|
|Abstract: ||This paper revisits, at the firm level, the innovation-productivity relationship
based on the empirical research initiated by Crépon, Duguet and Mairesse (1998).
We estimate a structural, dynamic panel data model that disentangles the impact
of R&D expenditure on (European) patents and the impact of patents on Total
Factor Productivity growth. We match the entire population of patents issued by
the European Patent Office to roughly 3000 firms (group enterprizes), located in
the Netherlands, for the 2000-2006 period. We allow for the possibility that a firm
does not report its R&D. We find evidence that R&D affects the output innovation
positively and significantly which in turn has a positive impact on productivity.
The persistence of input and output innovation is statistically confirmed but does
not appear to affect the innovation-productivity relationship.|
|Type: ||Conference Material|
|Appears in Collections: ||Research publications|
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