NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Impact of R&D Investment On Productivity - New Evidence Using Linked R&D-LRD Data

Frank R. Lichtenberg, Donald Siegel

NBER Working Paper No. 2901 (Also Reprint No. r1628)
Issued in March 1989
NBER Program(s):   PR

This paper uses confidential Census longitudinal microdata to examine the association between R&D and productivity for the period 1972.1985. These data allow for significant improvements in measurement and model specification, yielding more precise estimates of the returns to R&D. Our results confirm the findings of existing studies: 1) positive returns to R&D investment 2) higher returns to company-financed research 3) a productivity "premium" on basic research These results are robust to our attempts to adjust for "influential" outliers. Also, it appears that the return to company-financed R&D (but not total R&D) is an increasing function of firm size.

download in pdf format
   (370 K)

email paper

This paper is available as PDF (370 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w2901

Published: Economic Inquiry, Vol. 29 No.2, pp. 203-229, (April 1991).

Users who downloaded this paper also downloaded these:
Siegel and Griliches w3678 Purchased Services, Outsourcing, Computers, and Productivity in Manufacturing
Siegel w3935 Errors in Output Deflators Revisited: Unit Values and the PPI
Lichtenberg w4161 R&D Investment and International Productivity Differences
Lichtenberg and Siegel w3022 The Effects of Leveraged Buyouts on Productivity and Related Aspects of Firm Behavior
Lichtenberg and Siegel w2895 The Effect of Takeovers on the Employment and Wages of Central-Office and Other Personnel
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us