Huang, Kevin X. D.; Katayama, Munechika; Shintanin, … - 2019
, researcherís work helps develop new ideas to add to firm's knowledge capital that enhances its productivity for many periods. The … long-lived effect of knowledge capital on productivity is analogous to the long-lasting effect of consumer durables on … knowledge capital. We show, however, that the relative role of the pricing of the two production inputs analogous to consumption …
