Productivity Growth and R & D Expenditure in UK Manufacturing firms

@inproceedings{Wakelin1997ProductivityGA,
  title={Productivity Growth and R & D Expenditure in UK Manufacturing firms},
  author={Katharine Wakelin},
  year={1997}
}
This paper analyses the relationship between productivity growth and R&D expenditure at the firm level. A Cobb-Douglas function is estimated for 170 UK quoted firms including R&D intensity as well as the capital to labour ratio. A positive and significant role is found for the firm’s own R&D expenditure in influencing productivity growth from 1988-1992; the relationship is no longer significant when sector fixed effects are included. To capture these sector effects, two spillover variables are… CONTINUE READING
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