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The Impact of innovation on Growth and Employment

23 June 2008 Comments to R&D and productivity: Testing Sectoral Peculiarities Using Micro Data. The Impact of innovation on Growth and Employment. Andrea Conte DG Economic and Financial Affairs European Commission. AIMS. SCOPE 1) Investigation of the R&D – Productivity Link

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The Impact of innovation on Growth and Employment

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  1. 23 June 2008 Comments to R&D and productivity: Testing Sectoral Peculiarities Using Micro Data The Impact of innovation on Growth and Employment Andrea Conte DG Economic and Financial Affairs European Commission

  2. AIMS SCOPE 1) Investigation of the R&D – Productivity Link 2) “Late-comer” Advantage Weaker R&D – Productivity Relationship in HT Sectors MICRO ASSESSMENT 3) Sectoral Breakdown using firm level micro data 4) Unbalanced Longitudinal database

  3. LITERATURE R&D – Productivity Elasticity from 0.05 to 0.25 Higher productivity in High Tech SectorsLow Tech Sectors Griliches and Mairesse (1982) Wakelin (2001) Cuneo and Mairesse (1983) Tsai and Wang (2004) Verspagen (1995)

  4. DATA AND METHODOLOGY 532 top EU R&D Investors from UK DTI 2000-2005 1) Augmented Production Function 2) POLS and RE 3) “Pick the Winner” Bias Effect in Low Tech Sectors 4) Perpetual Inventory Method – Sector Depreciation 15% R&D Stock 6% capital Stock 5) Importance of Embodied Technological Change Source: Commission Services

  5. GERD by sectors of performance and source of funds at the EU27 – 2006 Source: Commission Services

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