The paper analyzes differences in research and development (R&D) spending and in the impact of R&D on productivity between German and UK firms. Using a dynamic production function approach, the authors find that the R&D output elasticity is approximately the same in both countries, implying a much larger rate of return on R&D in the UK than in Germany.
The paper analyzes differences in research and development (R&D) spending and in the impact of R&D on productivity between German and UK firms. Using a dynamic production function approach, the authors find that the R&D output elasticity is approximately the same in both countries, implying a much larger rate of return on R&D in the UK than in Germany.
The study tests for the importance of cash flow on investment in fixed capital and research and development (R&D) using firm-level panel data in Great Britain and Germany. Results suggest that financial constraints are more significant in Britain, that they affect the decision to engage in R&D rather than the level of R&D spending by participants, and that consequently the British firms that do engage in R&D are a self-selected group where financing constraints tend to be less binding.
The study tests for the importance of cash flow on investment in fixed capital and research and development (R&D) using firm-level panel data in Great Britain and Germany. Results suggest that financial constraints are more significant in Britain, that they affect the decision to engage in R&D rather than the level of R&D spending by participants, and that consequently the British firms that do engage in R&D are a self-selected group where financing constraints tend to be less binding.
The study documents the contributions of university research to five very different industry sectors and provides a qualitative assessment of the impact
of that research.
The paper draws on the knowledge-base implicit in ex post evaluations of publicly funded research and development (R&D) and other related conceptual and empirical studies to suggest a framework for the ex ante evaluation of the regional benefits from R&D projects.
The paper analyses the impact of research and development subsidies on incumbent firms to introduce new goods. Findings indicate that find that the innovator always introduces a new product of higher quality and withdraws the existing
product from the market.
The author assesses the properties of scale-free endogenous growth models in presence of use costs for the final users. Findings of the study indicate that under mild conditions use costs decrease the rate of vertical innovation and of overall economic growth.
The authors develop a real options model of research and development (R&D) valuation, which takes into account the uncertainty in the quality of the research output, the time and cost to completion, and the market demand for the R&D output. The model is then applied to study the problem of pharmaceutical under-investment in R&D for vaccines to treat diseases affecting the developing regions of the world.
The paper reviews approaches to the evaluation of economic policy research and discusses the main lessons drawn from a series of International Food Policy Research Institute case studies on ways to heighten and analyze the impact of economic policy research on policy decisions.