In this paper we attempt to rationalize markups in a sample of Spanish manufacturing by assuming a representative consumer, profit-maximizing firms and constant returns to scale. We find that the standard forms of demand (CES and linear) do not provide a good explanation of markups. In contrast,...

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...

The objective of this paper is to analyse the effects of international R&D cooperation on firms’ economic performance. Our approach, based on a complete data set with information about Spanish participants in research joint ventures supported by the EU Framework Programme during the period...

In this paper we attempt to rationalize markups in a sample of Spanish manufacturing by assuming a representative consumer, pro t-maximizing firms and constant returns to scale. We find that the standard forms of demand (CES and linear) do not provide a good explanation of markups. In contrast,...