Bond, Stephen, Harhoff, Dietmar and Van Reenen, John (2003) Corporate R&D and productivity in Germany and the United Kingdom. 599. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
Download (206Kb) | Preview
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.
Actions (login required)
|Record administration - authorised staff only|