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  • This paper analyses the relationship between productivity growth and R&D investments of Spanish manufacturing firms during the 1990s. The theoretical model is a version of the Cobb-Douglas production function in its growth rate form. The purpose is to estimate the rate of return to R&D expenditures. The econometric specification is a distributed lag model. The estimation applies the GMM method. The main empirical finding is that a positive and significant role is played by R&D expenditures on productivity growth. The rate of return to R&D expenditures is 26.598 per cent. (xsd:string)
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?:dateModified
  • 2008 (xsd:gyear)
?:datePublished
  • 2008 (xsd:gyear)
?:doi
  • 10.1080/00036840600905217 ()
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  • en (xsd:string)
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?:issueNumber
  • 14 (xsd:string)
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  • Productivity and R&D: An econometric evidence from Spanish firm-level data (xsd:string)
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  • Zeitschriftenartikel (xsd:string)
  • journal_article (en)
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  • GESIS-SSOAR (xsd:string)
  • In: Applied Economics, 40, 2008, 14, 1827-1837 (xsd:string)
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?:urn
  • urn:nbn:de:0168-ssoar-243175 ()
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  • 40 (xsd:string)