Huergo, Elena; Moreno, Lourdes - In: Industrial and Corporate Change 20 (2011) 5, pp. 1335-1368
This article analyzes the relationship between R&D expenditures, innovation, and productivity growth, taking into account the possibility of persistence in firms' behavior. We study this relationship for a sample of Spanish manufacturing firms between 1990 and 2005, estimating a model with four...