García-Quevedo, José; Pellegrino, Gabriele; Savona, Maria - Science and Technology Policy Research (SPRU), School … - 2014
This paper looks at the effects of demand uncertainty and stagnancy on firms’ decisions to engage in R&D activities and the amount of financial effort devoted to such activities. In so doing, the paper makes a number of contributions to the innovation literature: first, it adds to the recently...