%0 Report
        %A Piva, Mariacristina
%A Vivarelli, Marco
        %T Corporate Skills as an Ex-Ante Incentive to R&D Investment
        %D 2007
        %8 2007 Jan
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 2562
        %U https://www.iza.org/index.php/publications/dp2562
        %X 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.
        %K R&D expenditures
%K endogenous skill bias
%K demand-pull
%K skills and innovation
%K LSDVC estimator