Beneito, Pilar; Rochina-Barrachina, María Engracia; … - Departament d'Estructura Econòmica, Facultad de Economía - 2014
In this paper we investigate the pattern of R&D efficiency in terms of the number of product innovations achieved by firms over time. Embodied in the R&D capital stock, we distinguish among physical R&D capital and human R&D capital, and allow the latter to be subject to dynamic returns along...