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dc.contributor.authorUgur, Mehmeten
dc.contributor.authorTrushin, Eshrefen
dc.contributor.authorSolomon, Ednaen
dc.contributor.authorGuidi, Francescoen
dc.date.accessioned2017-10-10T10:15:03Z
dc.date.available2017-10-10T10:15:03Z
dc.date.issued2016-08-16
dc.identifier.citationUgur, M., Trushin, E., Solomon, E. and Guidi, F. (2016) R&D and productivity in OECD firms and industries: A hierarchical meta-regression analysis. Research Policy, 45 (10), pp. 2069-2086en
dc.identifier.urihttp://hdl.handle.net/2086/14592
dc.descriptionThis is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).en
dc.description.abstractThe relationship between R&D investment and firm/industry productivity has been investigated widely following seminal contributions by Zvi Griliches and others from late 1970s onwards. We aim to provide a systematic synthesis of the evidence, using 1253 estimates from 65 primary studies that adopt the so-called primal approach. In line with prior reviews, we report that the average elasticity and rate-of-return estimates are positive. In contrast to prior reviews, however, we report that: (i) the estimates are smaller and more heterogeneous than what has been reported before; (ii) residual heterogeneity remains high among firm-level estimates even after controlling for moderating factors; (iii) firm-level rates of return and within-industry social returns to R&D are small and do not differ significantly despite theoretical predictions of higher social returns; and (iv) the informational content of both elasticity and rate-of-return estimates needs to be interpreted cautiously. We conclude by highlighting the implications of these findings for future research and evidence-based policy.en
dc.language.isoenen
dc.publisherElsevieren
dc.subjectR&Den
dc.subjectKnowledge capitalen
dc.subjectProductivityen
dc.subjectMeta-analysisen
dc.titleR&D and productivity in OECD firms and industries: A hierarchical meta-regression analysisen
dc.typeArticleen
dc.identifier.doihttps://doi.org/10.1016/j.respol.2016.08.001
dc.peerreviewedYesen
dc.funderESRC (Economic and Social Research Council)en
dc.projectidES/K004824/1en
dc.cclicenceCC BYen
dc.date.acceptance2016-08-03en
dc.exception.reasonopen access articleen
dc.researchinstituteInstitute for Applied Economics and Social Value (IAESV)en


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