). It is found that under technological proximity, competitions at the upstream stage depress R&D investment, and firms …

vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

least 0.7 to 2.5 times the actual R&D investment for a firm at the median of the productivity growth and 2 to 4 times for a …This paper proposes a dynamic structural model with endogenous productivity to evaluate the impact of R&D on … productivity when firms decide how much to invest; this decision depends on the competitive pressure that they face. Using data …

The conclusions of the recently-conducted Kenya Investment Climate Assessment (ICA), based on a survey of 368 firms …-Saharan Africa (SSA) and also to firms in China and India, but also relatively less productive. Labor productivity in Kenya had not …, have a bearing on the country's growth agenda. The results have a bearing on the key issue of labor productivity and its …