Kancs, D'Artis; Siliverstovs, Boriss - 2012
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 …. Our results suggest that: (i) R&D investment increases firm productivity with an average elasticity of 0.15; (ii) the …