摘要： Innovation is widely recognized as the main stimulus of economic growth. Considering that Taiwan has devoted increasingly more efforts to R&D since the late 1980s, a crucial question is posed: did the R&D productivity of firms begin to decline in Taiwan during the post-Asian Financial Crisis period when Taiwan's economic growth began to decelerate? This study investigates changes in R&D productivity for Taiwan's manufacturing firms from 1990 to 2003. By employing various approaches to obtain robust results, findings from firm-level microeconometric analysis suggests that overall R&D productivity in Taiwan appears to have been ascendant, particularly during the post-crisis period. This result is also evidenced by segmenting the sample into industry groups, whereby electronics firms have a significantly high R&D productivity growth relative to firms outside the electronics industry. Therefore, the slowdown of Taiwan's economic growth in the past decade is attributed to other influences rather than a slowdown in R&D productivity. 出版者： Vilnius Gediminas Technical University 出版日期： 2013-02-01 出處： Journal of business economics and management, 2013-02, Vol.14 (1) 資源來源： DOAJ Directory of Open Access Journals 識別號： ISSN: 1611-1699 識別號： EISSN: 2029-4433 識別號： DOI: 10.3846/16111699.2012.711356
