刊行物

内容紹介

This paper uses a unique panel data set in electrical and electronic manufacturing covering from 1988-1997 to evaluate the performance resulting from firms’ dynamic behavior over time. Our focus is on the effect of R&D effort on labor productivity of firms in the electrical and electronic manufacturing. Using three variables to measure the R&D effort, we find that the R&D effort is an important determinant of a firm’s labor productivity. The three variables we use are (i) the number of full-time researchers hired, (ii) the amount of R&D expenditure spent and (iii) the annual new patents obtained.