Abstract
The study examines the relationship between several industrial characteristics (the presence of large or small firms, the concentration ratio, the extent of unionization, and the amount of research and development, and multifactor productivity growth. Overall, R and D is the only influence which consistently has a positive effect on productivity growth under all circumstances. This conclusion is particularly meaningful since the present study uses three-digit specific research data, while prior studies have generally assigned a common two-digit research value to more detailed industries. The evidence therefore supports science and knowledge as the primary determinant of productivity growth and indicates that the firm or market structure within which knowledge is applied to production is less consistently influential than the knowledge effort itself. 14 references, 2 tables.
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