Template-Type: ReDIF-Paper 1.0 Author-Name: Fabio Campanini Author-X-Name-First: Fabio Author-X-Name-Last: Campanini Author-Email: fabio.campanini@unicatt.it Author-Workplace-Name: DISCE, Università Cattolica Author-Name: Serena Costa Author-X-Name-First: Serena Author-X-Name-Last: Costa Author-Email: serena.costa@unicatt.it Author-Workplace-Name: DISCE, Università Cattolica Author-Name: Paolo Rizzi Author-X-Name-First: Paolo Author-X-Name-Last: Rizzi Author-Email: paolo.rizzi@unicatt.it Author-Workplace-Name: DISCE, Università Cattolica Title: The Machine Tool Industry in Italy: Industrial Innovations and Performances Abstract: The machine tool industry has a leading role in the Italian manufacturing system, above all in Northern Italy. This industrial branch is a strategic intermediate point in many manufacture dies, with an average innovation intensity higher than that of many other industrial branches. This work investigates if and in which way the innovation and the R&D processes carried out in the sector firms affect their productivity. We built a significant sample, which answered a questionnaire based on the CIS (Community Innovation Survey). Also a regional geographic dimension is used, to test the presence of specific local effects. Results show a positive and strong contribution from human capital to productivity, while, in the short term, physical capital have a negative impact, a result probably influenced by the economic crisis. Length: 26 pages Creation-Date: 2013-05 Publication-Status: Published in Review of Economics, Month aaaa, pages nn1-nn2 File-URL: http://www.unicatt.it/dipartimenti/DISES/allegati/dises1391.pdf File-Format: Application/pdf File-Function: First version, 2013 Number: dises1391 Classification-JEL: L1; L64; O3. Keywords: Innovation; Machine tool industry; Firm productivity; Regions. Handle: RePEc:ctc:serie2:dises1391