H2020Индивидуална стипендия2020–2023

INVPROD · Firm Dynamic Investments in Research and Development and Skills in Service Industries.

„Хоризонт 2020“ — Действия „Мария Склодовска-Кюри“

Период: 2020-09-01 → 2023-03-25
Финансиране от ЕС: 187 572 €
Участници: 1
Схема: MSCA-IF

Линиите свързват координатора с партньорите.

Накратко на български

Инвестициите в научноизследователска дейност и обучение на служители в сектор услуги определят как компаниите повишават производителността си. Разбирането на тези процеси помага на бизнеса и държавата да подобрят жизнения стандарт чрез по-ефективно използване на ресурсите.

Този кратък обзор е генериран от изкуствен интелект

Кратко обяснение, генерирано от езиков модел по текста на CORDIS. Оригиналът е по-долу.

Резултати накратко

Firm Dynamic Investments in Research and Development and Skills in Service Industries.

In my project, I investigate productivity in service industries, focusing on how firms decide to invest in research and development (R&D) and worker training. These investments are vital for boosting productivity because they create new knowledge and technologies, allowing companies to produce more with the same resources. Although it seems logical for firms to invest in R&D and skill development, not all do, and those that do often differ vastly from each other in their invested amount. The project explores the incentives for companies to invest in R&D and worker training and how these investments impact their productivity in the long run. Investigating productivity, how to facilitate the growth is important because productivity growth is the reason we can enjoy today a living standard that our grandparents could not imagine. For example, a country with high productivity level can produce more output with its inputs compared to a country with low productivity. This “more” in output means wealth and high living standard. The project contributes to this context because of several reasons. First, it provides insights into optimal investment levels. This is crucial for companies. Firms do not want to invest too little and forgo opportunities or invest too much and waste resources that can otherwise be used more profitably. Second, the project contributes to the understanding about why and how firms choose to invest a specific amount. Understanding the decision-making processes behind these investments and their effects helps firms and policymakers foster productivity improvements in the service sector. The overall objectives of this action are: i) To develop and estimate a dynamic model of firm investment decision in the service industries to assess the role of R&D and worker skills investments on firm longrun performance and provide insights on the firm’s investment decision-making process ii) To participate in training activities that help me become a distinguished internally recognized scholar in empirical innovation economics.

Текст от CORDIS, на английски · Данни: CORDIS, © Европейски съюз

Цел на проекта

Productivity growth is key to wealth and high living standards. For many years, Europe’s productivity growth has been declining and since 2005, falls below 1 percent. A possible way to raise productivity is to increase investments in intangible (knowledge based) assets such as workforce skills and Research and Development (R&D). To design policy measures that will effectively facilitate these investments and boost productivity growth, it is essential to understand the firms’ decision-making process in R&D and worker skills investments. In this project, I address the questions(1) What are the incentives each firm faces when making investment decisions in R&D and worker skills improvement? (2) What is the optimal level of investment for each firm? Moreover, what are the implications of these investments for the firms' longrun productivity development? I propose to develop and estimate a dynamic model of firm investment decision in R&D and worker skills improvement in the service industries. The estimation results will shed lights on firms’ investment incentives by quantifying the firm-specific longrun returns and costs to these investments. The estimated model predicts firm-specific responses to changes in their economic environment, therefore allows for ex-ante policy evaluation that aims at fostering productivity growth. In answering the questions raised, the project contributes to the knowledge on productivity and firm investments by providing insights on the (i) multidimensional productivity development in the service industries, (ii) complementarity between different intangible assets such as R&D and worker skills, and (iii) firm decision-making process.

Оригинален текст от CORDIS (на английски).

Участници

UNIVERSITEIT MAASTRICHT · MaastrichtКоординаторНидерландия