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I analyse the effects of competition on R&D effort (in a non-tournament context) and obtain robust results that hold for a variety of market structures, including markets with and without barriers to entry and markets characterized by either price or quantity competition. The approach...
Persistent link: https://www.econbiz.de/10005791300
we use data on market sector productivity, R&D and non-R&D intangible assets, and public sector R&D spending. We look for … civil or defence R&D. Our findings tentatively suggest that for maximum market sector productivity impact government …
Persistent link: https://www.econbiz.de/10008468645
We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a world econometric model. A … country can raise its total factor productivity by investing in R&D. Countries can also boost their productivity by trading …
Persistent link: https://www.econbiz.de/10005123493
characteristics. The results suggest that institutional differences are important determinants of total factor productivity and that …
Persistent link: https://www.econbiz.de/10005124193
productivity. We do so by developing a quantitative model with heterogeneous firms and international trade where firms can invest … cover the fixed costs of sourcing foreign inputs, which in turn also has a benign impact on measured productivity. Using …&D investment play a key role in explaining firm-level productivity growth. Moreover, the estimated returns to R&D are significantly …
Persistent link: https://www.econbiz.de/10011084440
knowledge' from its cumulative R&D activities, a developing country can boost its productivity by importing a larger variety of …
Persistent link: https://www.econbiz.de/10005667027
patenting. Furthermore, it explains why R&D as a fraction of revenues is strongly related to firm productivity yet largely …
Persistent link: https://www.econbiz.de/10005788918
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
Persistent link: https://www.econbiz.de/10005661518
We develop a simple estimator for production functions in the presence of endogenous productivity change that allows us … to retrieve productivity and its relationship with R\&D at the firm level. By endogenizing the productivity process we … as a generalization of the knowledge capital model (Griliches 1979) that has remained a cornerstone of the productivity …
Persistent link: https://www.econbiz.de/10005661740
’ hypothesis that foreign research labs located on US soil tap into US R&D spillovers and improve home country productivity. Using … firms’ Total Factor Productivity would have been at least 5% lower in 2000 (about $14bn) in the absence of the US R&D growth …
Persistent link: https://www.econbiz.de/10005661780