TY  - RPRT
        AU  - Piva, Mariacristina
AU  - Vivarelli, Marco
        TI  - Corporate Skills as an Ex-Ante Incentive to R&D Investment
        PY  - 2007/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2562
        UR  - https://www.iza.org/index.php/publications/dp2562
        AB  - 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.
        KW  - R&D expenditures
KW  - endogenous skill bias
KW  - demand-pull
KW  - skills and innovation
KW  - LSDVC estimator
        ER  -