A1 Refereed original research article in a scientific journal
The return to the technological frontier: The conditional effect of R&D on plant productivity in Finnish manufacturing
Authors: Eero Lehto, Petri Böckerman, Janne Huovari
Publisher: Wiley
Publication year: 2011
Journal: Papers in Regional Science
Journal name in source: PAPERS IN REGIONAL SCIENCE
Journal acronym: PAP REG SCI
Volume: 90
Issue: 1
First page : 91
Last page: 110
Number of pages: 20
ISSN: 1056-8190
DOI: https://doi.org/10.1111/j.1435-5957.2010.00318.x
Abstract
The paper asks whether R&D's productivity impacts are conditional on the gap of a plant's productivity from the industry's technological frontier. The results show that a plant's own R&D and a parent firm's R&D have a positive productivity impact. The impact of a plant's own R&D decreases as the gap from the industry's technological frontier grows. Furthermore, the productivity impact of other firms' (geographic) distance-weighted R&D is, on average, positive. However, this impact increases as the gap from the technological frontier grows.
The paper asks whether R&D's productivity impacts are conditional on the gap of a plant's productivity from the industry's technological frontier. The results show that a plant's own R&D and a parent firm's R&D have a positive productivity impact. The impact of a plant's own R&D decreases as the gap from the industry's technological frontier grows. Furthermore, the productivity impact of other firms' (geographic) distance-weighted R&D is, on average, positive. However, this impact increases as the gap from the technological frontier grows.
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