Productivity, Adjustment Costs and R&D Investment Prices: An Analysis Of a Panel Of Spanish Manufacturing Companies

The study analyses the role played by adjustment costs and research and development (R&D) investment prices in total R&D productivity. The results show that on average, for each monetary unit increase in adjustment costs produces a fall in productivity of 0.034 monetary units.

Building Irelands Knowledge Economy

The action plan highlights that despite significant strides in increasing public investment in research and development over the last five years, the performance of research and development (R&D) in key sectors of the Irish economy is low compared with leading knowledge based economies. The plan calls for a step change in the R&D performance, particularly in the enterprise sector, in order to sustain employment and competitiveness in an increasingly global knowledge-based economy.