The role of learning in firm R&D persistence
- Máñez Castillejo, Juan Antonio
- Rochina Barrachina, María Engracia
- Sanchis Llopis, Amparo
- Sanchis Llopis, Juan Alberto
ISSN: 1988-8767
Año de publicación: 2010
Número: 500
Tipo: Documento de Trabajo
Otras publicaciones en: Notas técnicas: [continuación de Documentos de Trabajo FUNCAS]
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.