The complementarity effect of research and development on firm productivity
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Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | |
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Main Library - Special Collections | HB1.A666 APP (Browse shelf(Opens below)) | Vol.20 , No. 13 - 15 (Oct 2013) | Not for loan | For In House Use Only |
Returns to investment in research and development (R&D) are a subject of considerable interest in the literature on economics of innovation. However, a drawback of this literature is that R&D is mostly treated as a homogeneous activity. This article analyses the differentiated effect of research and development on productivity and tests the existence of complementarity between these activities. We find evidence supporting the existence of a direct effect of both innovation activities. Most interestingly, our results suggest that there is complementarity between research and development in determining productivity.
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