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R&D And Productivity: Testing Sectoral Peculiarities Using Micro Data

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Executive Summary

The aim of this paper is to investigate the relationship between a firm's R&D activities and its productivity using a unique micro data panel dataset and looking at sectoral peculiarities which may emerge; more specifically, the authors used an unbalanced longitudinal database consisting of 532 top European R&D investors over the six year period 20002005. The main findings can be summarized along the following lines: knowledge stock has a significant positive impact on a firm's productivity, with an overall elasticity of about 0.125; this general result is largely consistent with previous literature in terms of the sign, the significance and the estimated magnitude of the relevant coefficient.

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