The present paper studies the relationship between R&D investment and firm productivity growth by explicitly accounting for non-linearities in the R&D-productivity relationship and inter-sectoral firm heterogeneity. In order to address these issues, we employ a two step estimation approach, and...

In recent years, some major industries in transition economies, such as food and beverage, once epitomised industrial supremacy have lost significant market shares to it.s foreign competitors, both at home and abroad. Recognising the fact once pre-eminent world-wide economic position of former...