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ARTÍCULO
TITULO

R&D AND PRODUCTIVITY IN THE SPANISH´S MANUFACTURING FIRMS

Desiderio Romero Jordán (Universidad Rey Juan Carlos)    
Mª Jesús Delgado Rodríguez (Universidad Rey Juan Carlos)    
Inmaculada Álvarez Ayuso (Universidad Autónoma de Madrid)    

Resumen

ABSTRACTThe Spanish R&D to GDP ratio is low compared to other leading economies during the last decade.  This paper uses data of a sample of Spanish manufacturing firms over the period 1990-2001 to investigate the relationship between labour productivity and R&D capital at firm level.  A Cobb-Douglas function including R&D intensity is estimating using the panel data with instrumental variables method.   The results indicate that a positive and significant role for the firm's own R&D capital is only found in firms located in  technology intensive sectors.  It also appears that some firm's characteristics (firm size and the integration of the firm in a corporate group) play a significant role in influencing private output.

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