Lucke, Dorothea; Schröder, Philipp J. H.; Schumacher, … - 2004
This note explores the relationship between the price elasticity of demand and the R&D intensity of the product. We … cost of production. Within this framework, sectors with a higher R&D intensity show a lower price elasticity of demand …. This proposition is confirmed by an empirical investigation of export demand for manufactured goods from major …