| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14670 |
| 来源ID | Working Paper 14670 |
| R&D Investment, Exporting, and Productivity Dynamics | |
| Bee Yan Aw; Mark J. Roberts; Daniel Yi Xu | |
| 发表日期 | 2009-01-22 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | A positive correlation between productivity and export market participation has been well documented in producer micro data. Recent empirical studies and theoretical analyses have emphasized that this may reflect the producer's other investment activities, particularly investments in R&D or new technology, that both raise productivity and increase the payoff to exporting. In this paper we develop a dynamic structural model of a producer's decision to invest in R&D and participate in the export market. The investment decisions depend on the expected future profitability and the fixed and sunk costs incurred with each activity. We estimate the model using plant-level data from the Taiwanese electronics industry and find a complex set of interactions between R&D, exporting, and productivity. The self- selection of high productivity plants is the dominant channel driving participation in the export market and R&D investment. Both R&D and exporting have a positive direct effect on the plant's future productivity which reinforces the selection effect. When modeled as discrete decisions, the productivity effect of R&D is larger, but, because of its higher cost, is undertaken by fewer plants than exporting. The impact of each activity on the net returns to the other are quantitatively unimportant. In model simulations, the endogenous choice of R&D and exporting generates average productivity that is 22.0 percent higher after 10 years than an environment where productivity evolution is not affected by plant investments. |
| 主题 | International Economics ; Trade ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w14670 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572346 |
| 推荐引用方式 GB/T 7714 | Bee Yan Aw,Mark J. Roberts,Daniel Yi Xu. R&D Investment, Exporting, and Productivity Dynamics. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14670.pdf（317KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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