This paper investigates the significance of Research and Development (R&D) spillovers through intra- and international trade in intermediate goods for productivity growth in a panel of OECD industries during 1973-1994. In the model, four different sources of R&D are identified: R&D conducted in...

This article explains the R&D policies that the Taiwanese government has used to promote technology-intensive industries and evaluates the role of the government in developing technology-intensive industries and economic development. It also reveals how the Taiwanese government has transformed...

Different industry sectors have high degree of variation with respect to financial leverage. The excessive use of financial leverage by firms had played a paramount role in the 2008 financial crisis. This study examines the average debt intensity of different industrial sectors during different...

Summary This note explores the relationship between the price elasticity of demand and the R&D intensity of the product. We introduce the concept of R&D intensity into a standard Dixit- Stiglitz/Krugman-type setting. R&D activity is treated as a fixed cost of production. Within this framework,...