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Exploring the relationship between R & D and productivity in French manufacturing firms
| Content Provider | Semantic Scholar |
|---|---|
| Author | Mairesseb, Jacques |
| Copyright Year | 2003 |
| Abstract | Using a newly available dataset on the R&D investment of individual French manufacturing firms for the 1980s we replicate and update a series of studies on French R&D and productivity at the firm level from the 1970s and evaluate the robustness of methods currently used to measure the private returns to R&D. Our main findings are: Having a longer history of R&D expenditures helps improve the quality of the R&D elasticity estimates, but the choice of depreciation rate for R&D capital makes little difference. The correction for double-counting of R&D expenditures in capital and labor is important and may be interpreted under certain conditions as converting a measured ‘excess’ rate of return to a total rate of return to R&D. We show that the direct production function approach to measure returns to R&D capital is preferred on several grounds over the rate of return variation used in the past. Finally, as in the 1970s the productivity of R&D capital for French manufacturing firms in the 1980s is positive; how strong and robust depends on whether we control for potential industry and firm effects. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://elsa.berkeley.edu/users/bhhall/papers/HallMairesse95%20JE_French_rnd_prod.pdf |
| Alternate Webpage(s) | http://emlab.berkeley.edu/users/bhhall/papers/HallMairesse%20JE95.pdf |
| Alternate Webpage(s) | http://emlab.berkeley.edu/users/bhhall/papers/HallMairesse95%20JE_French_rnd_prod.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Depreciation Elasticity (data store) Estimated Self-replicating machine Silo (dataset) |
| Content Type | Text |
| Resource Type | Article |
