R&D Investment, Exporting, and Productivity Dynamics

American Economic Review - Tập 101 Số 4 - Trang 1312-1344 - 2011
Bee Yan Aw1, Mark J. Roberts2, Daniel Yi Xu3
1Department of Economics, The Pennsylvania State University, 501 Kern Building, University Park, PA 16870.
2Department of Economics, The Pennsylvania State University, 513 Kern Building, University Park, PA 16870, and National Bureau of Econmic Research.
3Department of Economics, New York University, 19 West Fourth Street, Sixth Floor, New York, NY 10012, and National Bureau of Economic Research.

Tóm tắt

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)

Từ khóa


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