Template-type: ReDIF-Paper 1.0
Author-Name: Capasso, M.
Author-Email: m.capasso@maastrichtuniversity.nl
Author-Workplace-Name: SBE, Maastricht University
Author-Name: Treibich, T.G.
Author-Email: t.treibich@maastrichtuniversity.nl
Author-Workplace-Name: SBE, Maastricht University
Author-Name: Verspagen, B.
Author-Email: verspagen@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Title: The medium-term effect of R&D on firm growth
Abstract: This study analyses the medium-term effect of RD expenditure on firm employment
	 growth. Four cross-sectional waves of an innovation survey conducted in the
	 Netherlands have been used to evaluate the effect on firm growth in the five years
	 following the investment. Panel data fixed effect techniques, also allowing for
	 selection bias corrections, indicate a positive influence of RD on growth. Limited
	 dependent variable models have been used throughout the whole analysis to consider
	 explicitly the cases of firms exiting the market in the analysed medium term.
Classification-JEL: L20, L10, O32
Keywords: R&D expenditure, employment growth, firm growth, management of technological innovation, innovation, R&D, research and development
Series: UNU-MERIT Working Papers
Creation-Date: 20140131
Number: 2014-001
File-URL: https://unu-merit.nl/publications/wppdf/2014/wp2014-001.pdf
File-Format: application/pdf
File-Size: 294 Kb
Handle: RePEc:unm:unumer:2014001