Corporate R&D and productivity in Germany and the United Kingdom

Bond, Stephen, Harhoff, Dietmar and Van Reenen, John ORCID: 0000-0001-9153-2907 (2003) Corporate R&D and productivity in Germany and the United Kingdom. CEP Discussion Papers (599). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

This paper analyzes differences in R&D spending and in the impact of R&D on productivity between German and UK firms. We confirm that German firms spend significantly larger amounts on R&D than their UK counterparts, even after controlling for firm size and industry effects. Using a dynamic production function approach, we find that the R&D output elasticity is approximately the same in both countries, implying a much larger rate of return on R&D in the UK than in Germany. We discuss several explanations for this result.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk
Additional Information:	© 2003 S. Bond, D. Harhoff and J. Van Reenen
Divisions:	Centre for Economic Performance Economics
Subjects:	H Social Sciences > HB Economic Theory
JEL classification:	L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L13 - Oligopoly and Other Imperfect Markets C - Mathematical and Quantitative Methods > C2 - Econometric Methods: Single Equation Models; Single Variables > C25 - Discrete Regression and Qualitative Choice Models O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O31 - Innovation and Invention: Processes and Incentives
Date Deposited:	15 Feb 2008
Last Modified:	01 Nov 2024 04:51
URI:	http://eprints.lse.ac.uk/id/eprint/770

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