' effects in the literature, by employment losses from process and organisational innovation and by general productivity …

linkages between the firm’s R&D investment, product and process innovations, and future productivity and profits. The dynamic …&D investment. For the median productivity firm, investment in R&D raises firm value by 3.0 percent in a group of hightech … significantly affect R&D investment rates and productivity changes in the high-tech industries. …

generating innovations from their R&D investment, and the innovations have a larger impact on productivity and profits. Averaging …