Piva, Mariacristina; Tani, Massimiliano; Vivarelli, Marco - 2016
productivity enhancement, namely capital formation and R&D. To carry out the analysis, we combine unique and novel data on business … visits sourced from the U.S. National Business Travel Association with OECD data on R&D and capital formation. The resulting … is about half as large as investing in R&D, supporting viewing business visits as a form of long-term investment rather …