| Tekijä: | Kafouros, M.I. |
| Otsikko: | R&D and productivity growth: Evidence from the UK |
| Lehti: | Economics of innovation and new technology
2005 : SEP, VOL. 14:6, p. 479-497 |
| Asiasana: | productivity R&D United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | This paper's objective is to estimate the impact of R&D on productivity growth of large and small firms. Based on firm-level data (78 firms, 1989-2002), it was found that the contribution of R&D is approximately 0.04. The R&D elasticity is considerably high for high-tech sectors (0.11) and statistically insignificant for low-tech sectors. It was also shown that until 1995 the R&D elasticity was approximately zero, after 1995 it increased significantly to 0.09. |
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