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The Impact of R&D Investment On Productivity - New Evidence Using Linked R&D-LRD Data / Frank R. Lichtenberg, Donald Siegel.
- Format:
- Book
- Author/Creator:
- Lichtenberg, Frank R.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2901.
- NBER working paper series no. w2901
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1989.
- Summary:
- This paper uses confidential Census longitudinal microdata to examine the association between R&D and productivity for the period 1972.1985. These data allow for significant improvements in measurement and model specification, yielding more precise estimates of the returns to R&D. Our results confirm the findings of existing studies: 1) positive returns to R&D investment 2) higher returns to company-financed research 3) a productivity "premium" on basic research These results are robust to our attempts to adjust for "influential" outliers. Also, it appears that the return to company-financed R&D (but not total R&D) is an increasing function of firm size.
- Notes:
- Print version record
- March 1989.
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