Cookies?
Library Header Image
LSE Research Online LSE Library Services

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

Bond, Stephen and 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.

[img]
Preview
PDF
Download (211kB) | Preview
Identification Number: 599

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
Subjects: H Social Sciences > HB Economic Theory
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Departments > Economics
Date Deposited: 15 Feb 2008
Last Modified: 01 Oct 2010 08:43
URI: http://eprints.lse.ac.uk/id/eprint/770

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics