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&D investment: (1) Are there diminishing returns to inventive activities? (2) What is the relationship between R&D and productivity … between R&D expenditures and growth of output or total factor productivity. The relation is pervasive, though the magnitudes …, there is evidence that R&D as a factor of production affects not only productivity growth but also the demand for …
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This paper proposes a reduced form model of dynamic duopoly in the context of heterogeneous innovations framework. Two agents invest into product and process innovations simultaneously. Every newly introduced product has its own dimension of process-improving innovations and there is a continuum...
Persistent link: https://www.econbiz.de/10014041505
&D investment: (1) Are there diminishing returns to inventive activities? (2) What is the relationship between R&D and productivity … between R&D expenditures and growth of output or total factor productivity. The relation is pervasive, though the magnitudes …, there is evidence that R&D as a factor of production affects not only productivity growth but also the demand for …
Persistent link: https://www.econbiz.de/10013249157