The Importance of the Technological Spillovers for the Returns to Space Investments, with an Empirical Application to the Italian High-Tech and Space Sectors
| Autor: | Giancarlo Graziola, Annalisa Cristini, Simonetta Di Ciaccio |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
productivity
space industry Public economics media_common.quotation_subject Technological spillovers Energy Engineering and Power Technology Aerospace Engineering Astronomy and Astrophysics Space (commercial competition) Settore SECS-P/02 - Politica Economica High tech Manufacturing sector Conceptual framework Tourism Leisure and Hospitality Management Economics Space industry Economic geography Safety Risk Reliability and Quality Welfare Productivity media_common |
| Zdroj: | New Space. 3:179-190 |
| ISSN: | 2168-0264 2168-0256 |
| Popis: | In this article we present the results of recent research on R&D investments and productivity in the Italian manufacturing sector. By broadening the traditional perspective, which essentially looks at the impact of internal R&D on productivity, we explicitly account for the role of spillovers of technology. These have proven to be very pervasive and important in supporting the growth of labor productivity, especially spillovers originating in high-tech sectors. Since the Italian space industry has a significant role in those sectors, well beyond what its relatively small size would suggest, we take our results to indicate the importance of technological spillovers originating from the space industry for the progress of productivity in the Italian manufacturing. In the first part of the article we describe, using a conceptual framework, well established in the economic literature, how the benefits of space investments translate into increases in welfare. This approach broadens and hopefully sharpe... |
| Databáze: | OpenAIRE |
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