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plants. We focus on model specification and econometric estimation issues, but we also review some of the main empirical … econometric model specification, and some of the solutions that have been adopted. We also discuss estimation issues that arise …
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Many writers have claimed that R&D has two 'faces'. In addition to the conventional role of stimulating innovation, R&D enhances technology transfer by improving the ability of firms to learn about advances in the leading edge ('absorptive capacity'). In this paper we document that there has...
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The two aspects of research and development (R&D) involving the stimulation of innovation and the facilitation of technology transfer are examined. There has been little econometric work done that assesses the statistical significance and quantitative importance of the technology transfer aspect...
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