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Tilburg Law and Economics Center

TILEC supports and stimulates academic research on the governance of economic activity. It fosters academically path breaking and practically relevant research and aims to be a leading center worldwide.

TILEC Seminar: Mark Roberts (Penn State)

Measuring the Return to R&D Using Innovation Surveys
10:45-11:45, M 1003

Mark J. Roberts is Liberal Arts Professor of Economics at the Pennsylvania State University, a Research Associate at the National Bureau of Economic Research (NBER) and the Center for European Economic Research (ZEW) in Mannheim, Germany.  He is the Director of the Penn State Federal Statistical Data Center. He is a Board member of the Industrial Organization Society and a past program chairman of the annual International Industrial Organization Conference.  He received his Ph.D from the University of Wisconsin and his research work covers  empirical topics in IO, international trade, and productivity measurement.  His recent focus has been on estimation of dynamic models of R&D investment and productivity growth, including differences in the return to R&D between exporting and non exporting firms.

Abstract

This presentation summarizes recent empirical research developing structural models of a firm's decision to invest in R&D.  The framework captures the linkages from R&D investment, to product and process innovations, productivity, and the effect on the long-run value of the firm.  The model is estimated with firm data from the Mannheim Innovation Panel, the German component of the Community Innovation Survey.  It provides estimates of the expected return to R&D investment and can be used to simulate the impact of R&D subsidies on firm investment.  As an application, the model is used to quantify the source of differences in the return to R&D between exporting and nonexporting German firms in several high-tech manufacturing industries.

 


When: 06 June 2018 10:45

End date: 06 June 2018 11:45

Where: Montesquieu building