R&D Investment, Exporting, and Productivity Dynamics

• 成果类型: Article
• 署名作者: Aw, Bee Yan; Roberts, Mark J.; Xu, Daniel Yi
• 署名单位: Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; National Bureau of Economic Research; New York University
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.101.4.1312
• 发表日期: 2011
• 页码: 1312-1344
• 关键词: market participation; IMPACT; Heterogeneity; INNOVATION; EVOLUTION; colombia; industry; entry; TRADE; plant

摘要

This paper estimates a dynamic structural model of a producer's decision to invest in R&D and export, allowing both choices to endogenously affect the future path of productivity. Using plant-level data for the Taiwanese electronics industry, both activities are found to have a positive effect on the plant's future productivity. This in turn drives more plants to self-select into both activities, contributing to further productivity gains. Simulations of an expansion of the export market are shown to increase both exporting and R&D investment and generate a gradual within-plant productivity improvement. (JEL D24, F14, G31, L63, O31, O33)