In this paper we present the results of a recent research on R&D investments and productivity in the Italian manufacturing sector. By broadening the traditional perspective, which essentially looks at the impact of internal R&D on productivity, we explicitly account for the role of spillovers of technology. These have proven to be very pervasive and important in supporting the growth of labor productivity, especially spillovers originating in high-tech sectors. Since the Italian space industry has a significant role in those sectors, well beyond what its relatively small size would suggest, we take our results to indicate the importance of technological spillovers originating from the space industry for the progress of productivity in the Italian manufacturing. In the first part of the paper we describe, using a conceptual framework, well established in economic literature, how the benefits of space investments translate into increases in welfare. This approach broadens and hopefully sharpens the usual accounts of the benefits of space investments and hints to a potentially large contribution of the spillovers. In the second part of the paper we present the results of an empirical analysis that provides econometric estimates of the elasticities of labor productivity to knowledge spillover and R&D stock, based on Italian two-digit manufacturing sector panel data from 1980 to 2011.

(2015). The importance of the technological spillovers for the returns to space investments, with an empirical application to the Italian high-tech and space sectors [journal article - articolo]. In NEW SPACE. Retrieved from http://hdl.handle.net/10446/53862

The importance of the technological spillovers for the returns to space investments, with an empirical application to the Italian high-tech and space sectors

Graziola, Giancarlo;Cristini, Annalisa;
2015-01-01

Abstract

In this paper we present the results of a recent research on R&D investments and productivity in the Italian manufacturing sector. By broadening the traditional perspective, which essentially looks at the impact of internal R&D on productivity, we explicitly account for the role of spillovers of technology. These have proven to be very pervasive and important in supporting the growth of labor productivity, especially spillovers originating in high-tech sectors. Since the Italian space industry has a significant role in those sectors, well beyond what its relatively small size would suggest, we take our results to indicate the importance of technological spillovers originating from the space industry for the progress of productivity in the Italian manufacturing. In the first part of the paper we describe, using a conceptual framework, well established in economic literature, how the benefits of space investments translate into increases in welfare. This approach broadens and hopefully sharpens the usual accounts of the benefits of space investments and hints to a potentially large contribution of the spillovers. In the second part of the paper we present the results of an empirical analysis that provides econometric estimates of the elasticities of labor productivity to knowledge spillover and R&D stock, based on Italian two-digit manufacturing sector panel data from 1980 to 2011.
articolo
2015
Graziola, Giancarlo; Cristini, Annalisa; Di Ciaccio, Simonetta
(2015). The importance of the technological spillovers for the returns to space investments, with an empirical application to the Italian high-tech and space sectors [journal article - articolo]. In NEW SPACE. Retrieved from http://hdl.handle.net/10446/53862
File allegato/i alla scheda:
File Dimensione del file Formato  
GRZ et al_New Space_Sept 2015 pdf.pdf

Solo gestori di archivio

Versione: publisher's version - versione editoriale
Licenza: Licenza default Aisberg
Dimensione del file 213.57 kB
Formato Adobe PDF
213.57 kB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

Aisberg ©2008 Servizi bibliotecari, Università degli studi di Bergamo | Terms of use/Condizioni di utilizzo

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/53862
Citazioni
  • Scopus 7
  • ???jsp.display-item.citation.isi??? 2
social impact