R&D Decisions and Productivity Growth: Evidence from Switzerland and the Netherlands
The fraction of R&D-active firms decreased in Switzerland but increased in the Netherlands from 2000-2016. This paper examines reasons for this divergence and its impact on productivity growth. Our micro-data reveal R&D concentration among high-productivity firms in Switzerland. Innovation support sustains firms’ R&D activities in both countries. Our structural growth model identifies the impact of innovation, imitation and R&D costs on firms’ R&D decisions. R&D costs gained importance in Switzerland but not in the Netherlands, explaining the diverging R&D trends. Y... Mehr ...
Verfasser: | |
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Dokumenttyp: | workingPaper |
Erscheinungsdatum: | 2023 |
Verlag/Hrsg.: |
Centre for Economic Policy Research (CEPR)
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Schlagwörter: | R&D / innovation / imitation / R&D costs / policy / productivity growth / traveling wave |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-27229211 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://research.vu.nl/en/publications/595cef17-a7de-46e8-8e90-7fb9f8bea017 |
The fraction of R&D-active firms decreased in Switzerland but increased in the Netherlands from 2000-2016. This paper examines reasons for this divergence and its impact on productivity growth. Our micro-data reveal R&D concentration among high-productivity firms in Switzerland. Innovation support sustains firms’ R&D activities in both countries. Our structural growth model identifies the impact of innovation, imitation and R&D costs on firms’ R&D decisions. R&D costs gained importance in Switzerland but not in the Netherlands, explaining the diverging R&D trends. Yet, counterfactual analyses show that policies should prioritize enhancing innovation and imitation success over cost reduction to boost productivity growth.