Showing 1 - 10 of 6,647
Official government statistics on the "mission-distribution" ofU.S. R&D investment are based on the assumption that … thosefor major weapons systems. To test the hypothesis of, and estimate thequantity of, private investment in 'signaling' R …
Persistent link: https://www.econbiz.de/10013226576
We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …) firm growth independent of firm size, as stated in the so-called Gibrat's law, and (iii) R&D investment proportional to …
Persistent link: https://www.econbiz.de/10013127899
by subsequent embodiments in physical capital. Traditionally, the only distinction between R&D and physical investment … the observed higher volatility of physical investment (relative to R&D expenditures) …
Persistent link: https://www.econbiz.de/10013248554
Research and development (Ramp;D) is a key determinant of long run productivity and welfare. A central issue is whether a decentralized economy undertakes too little or too much Ramp;D. We develop an endogenous growth model that incorporates parametrically four important distortions to Ramp;D:...
Persistent link: https://www.econbiz.de/10012754803
While patent systems have been widely used both historically and internationally, there is nonetheless a tremendous amount of controversy over whether patent systems – in practice – improve the alignment between private returns and social contributions. In this paper, I describe three...
Persistent link: https://www.econbiz.de/10012964879
This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax …. Repatriations did not lead to an increase in domestic investment, employment or R&D -- even for the firms that lobbied for the tax …
Persistent link: https://www.econbiz.de/10013152600
decrease their Ramp;D spending (our main proxy for long-term investment) more than Japanese firms. We find no evidence that …
Persistent link: https://www.econbiz.de/10012783974
, and the effects of different investment profiles on total factor productivity growth on Dutch firm-level data. We estimate … an integrated model of investment profile adoption and total factor productivity growth. We find that the three … investment decisions are complementary, in the sense that investing in one increases the probability of investing in another one …
Persistent link: https://www.econbiz.de/10012911090
The empirical analysis in quot;International Ramp;D Spilloversquot; (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results...
Persistent link: https://www.econbiz.de/10012759295
This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...
Persistent link: https://www.econbiz.de/10013218546