Template-Type: ReDIF-Paper 1.0
Author-Name: Mariacristina Piva
Author-X-Name-First: Mariacristina
Author-X-Name-Last: Piva
Author-Email: mariacristina.piva@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica
Author-Name: Marco Vivarelli
Author-X-Name-First: Marco
Author-X-Name-Last: Vivarelli
Author-Email: marco.vivarelli@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica
Title: Corporate skills as an incentive to R&D investment
Abstract: This paper investigates the determinants of R&D investment at the firm-level. A balanced panel of
215 Italian manufacturing firms over the 1995-2000 period has been used to test the technologypush,
the demand-pull and the endogenous skill-bias hypotheses. Econometrically, the GMM-SYS
estimator and the Least Squares Dummy Variable Corrected (LSDVC) estimator, a recentlyproposed
panel data technique particularly suitable for small samples, have been used. Results
support the well-established technology-push and demand-pull hypotheses and, furthermore, supply
evidence for the role of skill endowment in increasing a firm’s R&D investments.
Length:  28 pages
Creation-Date: 2008-07
Publication-Status: Published in International Journal of Manpower, vol. 30 (2009), pages 835-852
File-URL: http://www.unicatt.it/dipartimenti/DISES/allegati/dises0853.pdf
File-Format: Application/pdf
File-Function: First version, aaaa
Number: dises0853
Classification-JEL: O31
Keywords: Skills and innovation, Endogenous skill-bias, Demand-pull, Technology-push, GMM
estimator, LSDVC estimato
Handle: RePEc:ctc:serie2:dises0853