This article presents evidence on the links between R&D and productivity for manufacturing firms in the Netherlands. The study provides estimates of the output elasticity of the R&D stock and of the private rate of return to R&D. The article applies the methodology used by Hall and Mairesse...

This paper studies the impact of process and product innovations introduced by firms on their employment growth. A model that relates employment growth to process innova- tions and to the growth of sales due to innovative and unchanged products is derived and estimated using a unique source of...