R&D Strategy, Metropolitan Externalities and Productivity: Evidence from Sweden
Author
Summary, in English
This paper studies the influence of metropolitan externalities on productivity for different types of long-run R&D engagement based on information from the Community Innovation Survey. We apply a dynamic general method of moments model to a panel of manufacturing and service firms with different locations in Sweden, classified as a metropolitan region, the largest metropolitan region, a metropolitan city, the largest metropolitan city and a nonmetropolitan area. This analysis generates three distinct results. First, the productivity premium associated with persistent R&D is close to 8 per cent in nonmetro locations and about 14 per cent in the largest city. Second, a firm without any R&D engagement does not benefit at all from the external milieu in metro areas. Third, no productivity premium is associated with occasional R&D effort regardless of the firm's location.
Department/s
Publishing year
2014
Language
English
Pages
141-154
Publication/Series
Industry and Innovation
Volume
21
Issue
2
Document type
Journal article
Publisher
Routledge
Topic
- Social Sciences Interdisciplinary
Keywords
- innovation strategy
- productivity
- externalities
- metropolitan
- R&D
Status
Published
ISBN/ISSN/Other
- ISSN: 1366-2716