Does history matter for the relationship between R & D , innovation , and productivity ?

  title={Does history matter for the relationship between R & D , innovation , and productivity ?},
  author={Elena Huergo and Lourdes Moreno},
This article analyzes the relationship between R&D expenditures, innovation, and productivity growth, taking into account the possibility of persistence in firms’ behavior. We study this relationship for a sample of Spanish manufacturing firms between 1990 and 2005, estimating a model with four equations: participation in technological activities, R&D intensity, the generation of innovations and the impact of these technological outputs on total factor productivity growth. Our results reflect… CONTINUE READING

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