@article{Helmers2009Business,
abstract = {This study presents new estimates of business R&D capital stocks for 22 countries at the aggregate and industry levels. At 9 percent of GDP, the EU business R&D capital stock falls short of its US and Japanese counterparts. Within the EU, R&D capital stocks are much lower in the southern and the new member states, reflecting large and persistent disparities in R&D expenditure. There was hardly any convergence over the past decade. The R&D capital stock is concentrated on three technologyintensive manufacturing industries and is positively correlated with growth in total factor productivity across countries and industries. Finally, the ratios between the stocks of R&D capital and tangible capital suggest marked differences in how R&D and tangible capital are combined in production.},
author = {Christian Helmers and Christian Schulte and Hubert Strauss},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
issn = {0257-7755},
journal = {EIB Papers},
keywords = {330; Industrielle Forschung; Gesamtwirtschaftliches Anlageverm\"{o}gen; Forschungskosten; Produktivit\"{a}t; Betriebliches Anlageverm\"{o}gen; Branche; EU-Staaten; Japan; USA},
language = {eng},
number = {1},
pages = {36-61},
title = {Business R&D expenditure and capital in Europe},
url = {http://hdl.handle.net/10419/44904},
volume = {14},
year = {2009}
}
