@TechReport{iza:izadps:dp2562,
            	author={Piva, Mariacristina and Vivarelli, Marco},
            	title={Corporate Skills as an Ex-Ante Incentive to R&D Investment},
            	year={2007},
	month={Jan},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={2562},
            	url={https://www.iza.org/index.php/publications/dp2562},
	abstract={Using a balanced panel of 215 Italian manufacturing firms over the 1995-2000 period, this paper investigates the determinants of R&D investment at the level of the firm. While finding further support for the well-established technology-push and demand-pull hypotheses, this study also tests the role of skill endowment in increasing a firm’s R&D investment. Consistently with the related managerial and economic literature, our basic result is that current skill endowment may significantly and positively influence a firm’s current R&D decision. These microeconometric results have been obtained using a Least Squares Dummy Variable Corrected (LSDVC) estimator, a recently-proposed panel data technique particularly suitable for small samples.},
	keywords={R&D expenditures;endogenous skill bias;demand-pull;skills and innovation;LSDVC estimator},
            }