The Productivity Effects of Internal and External R&D: Evidence from a Dynamic Panel Data Model*

Volume: 70, Issue: 3, Pages: 399 - 413
Published: Jun 1, 2008
Abstract
We examine the impact of internal and external R&D on labor productivity in a 6-year panel of Dutch manufacturing firms. We apply a dynamic linear panel data model that allows for decreasing or increasing returns to scale in internal and external R&D and for economies of scope. We find complementarity between internal and external R&D, with a positive impact of external R&D only evident in case of sufficient internal R&D. These findings confirm...
Paper Details
Title
The Productivity Effects of Internal and External R&D: Evidence from a Dynamic Panel Data Model*
Published Date
Jun 1, 2008
Volume
70
Issue
3
Pages
399 - 413
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