The role of learning in firm R&D persistence

• Autores: Juan Antonio Máñez Castillejo, María Engracia Rochina Barrachina, Amparo Sanchis Llopis, Juan Alberto Sanchis Llopis
• Localización: Notas técnicas: [continuación de Documentos de Trabajo FUNCAS], ISSN-e 1988-8767, Nº. 500, 2010
• Idioma: español
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• Dialnet Métricas: 3 Citas
• Resumen

  • This paper analyses the role of learning in the persistence of the firms’ decision to perform R&D activities using firm level panel data. We estimate discrete time proportional hazard models accounting both for firm observed and unobserved heterogeneity. The data used is a panel of Spanish manufacturing firms drawn from the Encuesta sobre Estrategias Empresariales, for the period 1990-2000. After controlling for other firm and industry characteristics that might have an effect on firm persistence in R&D activities, we find that learning from R&D performance affects persistence in R&D activities.