Top 5 High-Citation Research Papers on R&D Investment and Productivity

Top 5 High-Citation Research Papers on R&D Investment and Productivity

This curated list highlights five influential research papers that explore the relationship between R&D investment and productivity. These papers offer valuable insights for businesses and policymakers seeking to understand the impact of R&D on economic growth and competitiveness.

1. 'R&D investment and international productivity differences' by Bronwyn H. Hall and Francesca Lotti (2009)

This paper examines the relationship between R&D investment and international productivity differences using a panel of 15 OECD countries from 1970 to 2004. The authors find that R&D investment has a positive effect on productivity, but the effects are not uniform across countries. They also find that the productivity effects of R&D investment are greater for countries with a high level of human capital and a low level of regulatory burden.

2. 'The impact of R&D on firm performance: Evidence from the Indian pharmaceutical industry' by Arpita Khanna and Surendra Singh Yadav (2016)

This paper investigates the impact of R&D on firm performance in the Indian pharmaceutical industry using a panel of 50 firms from 2006 to 2014. The authors find that R&D investment has a positive and significant effect on firm performance, measured by sales and profits. They also find that the effect of R&D investment on firm performance is stronger for firms that are more innovative and have a greater ability to absorb new technologies.

3. 'The relationship between R&D and productivity: Evidence from the US pharmaceutical industry' by Zvi Griliches (1998)

This paper examines the relationship between R&D and productivity in the US pharmaceutical industry using a panel of 18 firms from 1950 to 1990. The author finds that R&D investment has a positive and significant effect on productivity, but the effects are not immediate and take several years to materialize. The author also finds that the productivity effects of R&D investment are greater for firms that focus on basic research and have a greater ability to bring new products to market.

4. 'R&D and productivity growth in Japanese manufacturing firms: Panel data analysis using covariance structure models' by Kazuyuki Motohashi (2004)

This paper investigates the relationship between R&D and productivity growth in Japanese manufacturing firms using a panel of 1,000 firms from 1985 to 1997. The author finds that R&D investment has a positive and significant effect on productivity growth, but the effects are not uniform across industries. The author also finds that the productivity effects of R&D investment are greater for firms that are more innovative and have a greater ability to bring new products to market.

5. 'The impact of R&D on innovation and productivity in the UK: Evidence from the Community Innovation Survey' by Jonathan Haskel and Gavin Wallis (2010)

This paper examines the impact of R&D on innovation and productivity in the UK using data from the Community Innovation Survey. The authors find that R&D investment has a positive and significant effect on innovation and productivity, but the effects are not uniform across industries. They also find that the productivity effects of R&D investment are greater for firms that are more innovative and have a greater ability to bring new products to market.