Bøler, Esther Ann; Moxnes, Andreas; Ulltveit-Moe, … - C.E.P.R. Discussion Papers - 2012
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 …